SunSirs: On September 4th, the Domestic Price of Isobutyraldehyde Increased by 8.50%
September 05 2023 09:31:08 SunSirs (John)
Product name: isobutyraldehyde
Latest price (September 4th): 8,933.33 RMB/ton
Analysis review
On September 4th, the domestic market price of isobutyraldehyde significantly increased, with a price increase of 700 RMB/ton or 8.50% compared to September 1st, and a year-on-year increase of 14.04%.
The price of raw material propylene had significantly increased, leading to increased cost support. The downstream market for neopentyl glycol had stabilized at a high level, and downstream customers had a good enthusiasm for purchasing isobutyraldehyde. Under multiple favorable factors, the market price of isobutyraldehyde had significantly increased.
Market outlook
In the future, it is expected that the domestic market price of isobutyraldehyde may fluctuate and rise, with consolidation being the main focus. The average market price is around 9200 RMB/ton.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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