SunSirs: On May 24th, the Domestic Price of Isobutyraldehyde Decreased by 4.38%
May 25 2023 14:03:38 SunSirs (John)
Product name: isobutyraldehyde
Latest price (May 24th): 8,000 RMB/ton
Analysis review
On May 24, the domestic isobutyraldehyde market price fell slightly, 366.67 RMB/ton lower than that on May 23, a 4.38% drop, and a drop of 52.57% year-on-year.
The price of raw material propylene slightly decreased, and cost support was insufficient. The downstream market for neopentyl glycol had slightly declined, and downstream customers' enthusiasm for purchasing isobutyraldehyde was weakened. Multiple bearish factors, isobutyraldehyde fluctuated and fell.
Market outlook
In the future, it is expected that the domestic isobutyraldehyde market price will fall slightly in shock, mainly sorting out. The average market price is around 7800 RMB/ton.
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