SunSirs: It is Expected that the Domestic Market Price of Isobutyraldehyde may Fluctuate and Decline
August 22 2023 15:52:07Latest price of isobutyraldehyde (August 21): 7966.67 RMB/ton, bearish in the future
Analysis points: On August 21st, the domestic market price of isobutyraldehyde slightly decreased, with a decrease of 266.67 RMB/ton compared to August 18th, a decrease of 3.24%, and a year-on-year increase of 11.16%. The price of raw material propylene has stabilized at a high level, with average cost support. The downstream market for new pentanediol has stabilized at a low level, and downstream customers have weak enthusiasm for purchasing isobutyraldehyde. The trading situation in the isobutyraldehyde market is light, and large factories are reducing prices to attract orders.
Future forecast: It is expected that the domestic market price of isobutyraldehyde may fluctuate and decline, with consolidation being the main trend. The average market price is around 7800 RMB/ton.
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