SunSirs: The Price of Domestic Isobutyraldehyde Market Fell Slightly
May 18 2023 14:18:40Latest price of isobutyraldehyde (May 17th): 8733.33 RMB/ton, bearish in the future
Key points for analysis: On May 17, the price of domestic isobutyraldehyde market fell slightly, 233.34 RMB/ton, 2.60% lower than that on May 16, a year-on-year drop of 44.49%. Some manufacturers have resumed production and increased the supply of isobutyraldehyde. The price of raw material propylene has slightly increased, leading to increased cost support. The downstream market for neopentyl glycol has slightly declined, and downstream customers' enthusiasm for purchasing isobutyraldehyde has weakened.
Future forecast: It is expected that the domestic isobutyraldehyde market price will fall slightly, mainly finishing. The average market price is around 8500 RMB/ton.
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