SunSirs: On November 16th, the Domestic Price of Isobutyraldehyde Increased by 1.77%
November 17 2023 14:24:14 SunSirs (John)
Product name: isobutyraldehyde
Latest price (November 16th): 7,683.33 RMB/ton
Analysis review
On November 16th, the domestic market price of isobutyraldehyde slightly increased, increasing by 133.33 RMB/ton or 1.77% compared to November 15th, with a year-on-year increase of 18.21%.
The price of raw material propylene had slightly decreased, with average cost support. The downstream market for neopentyl glycol had slightly declined, and downstream customers' enthusiasm for purchasing isobutyraldehyde had weakened. Some manufacturers stopped for maintenance, resulting in a decrease in the circulation of goods in the market, and some dealers had raised their prices.
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 7,700 RMB/ton.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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