SunSirs: Insufficient Cost Support and Weak Demand, Domestic Isobutyraldehyde Fluctuated and Fell This Week

The price of isobutyraldehyde fluctuated and fell this week

According to the Commodity Market Analysis System of SunSirs, as of April 8th, the domestic isobutyraldehyde quotation was 7,287.50 RMB/ton, a decrease of 3.69% compared to April 1st isobutyraldehyde price of 7,566.67 RMB/ton. Cost reduction and weak demand had increased the pressure on the price of isobutyraldehyde, leading to a volatile decline in isobutyraldehyde prices this week.

The price of raw material propylene fluctuated and fell

According to the Commodity Market Analysis System of SunSirs, as of April 8th, the price of propylene was 6,820.60 RMB/ton, a fluctuating decrease of 0.41% compared to the price of 6,848.60 RMB/ton on April 1st. This week, the propylene manufacturer's equipment restarted, and the supply of propylene was sufficient. Downstream purchased on demand, and the transaction situation of propylene was average. The price of propylene slightly decreased this week, but the support for the rise of propylene in the future is insufficient.

Downstream demand weakening

According to the Commodity Market Analysis System of SunSirs, as of April 8th, the price of neopentyl glycol was 9,966.67 RMB/ton, a decrease of 2.92% compared to the price of 10,266.67 RMB/ton on April 1st. This week, the price of neopentyl glycol had fallen, some factories offered discounts for sales, and the operating load of neopentyl glycol manufacturers had decreased. Downstream demand for neopentyl glycol had weakened, resulting in poor transactions in the neopentyl glycol market and significant downward pressure on neopentyl glycol.

Market outlook

SunSirs' isobutyraldehyde industry analyst believes that in terms of raw materials, the price of propylene had slightly decreased, and the cost support for isobutyraldehyde had decreased. However, as crude oil prices continued to rise, the price of propylene had rebounded, providing some upward support for the cost of isobutyraldehyde; In terms of demand, the market for neopentyl glycol was weak, and the price of neopentyl glycol continued to decline. Manufacturers were offering more discounts for sales, and their production had decreased. The demand for isobutyraldehyde was weak, and the downward pressure on isobutyraldehyde was increasing. Overall, isobutyraldehyde had some upward support, but weak demand continued, and there was significant downward pressure on isobutyraldehyde. It is expected that isobutyraldehyde prices will fluctuate and consolidate weakly in the future.

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