1、 Price trend
According to the Commodity Analysis System of Business Society, the domestic isobutyraldehyde market prices have stabilized at a high level this week. The average price of isobutyraldehyde in the mainstream domestic market this week is 8100.00 yuan/ton. Weekend prices increased by 16.83% year-on-year. On August 14th, the isobutyraldehyde commodity index was 41.12, unchanged from yesterday, a decrease of 61.05% from the cycle’s highest point of 105.58 points (2021-09-16), and an increase of 36.52% from the lowest point of 30.12 points on October 7, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)
2、 Market analysis
From the supply side perspective, the mainstream manufacturers of isobutyraldehyde have temporarily stabilized their quotations this week and have low inventory.
From the perspective of the upstream and downstream industry chains, the propylene market in the upstream raw material market of isobutyraldehyde has slightly increased this week, with prices rising from 6733.25 yuan/ton at the beginning of the week to 6763.25 yuan/ton at the weekend, an increase of 0.45%. Weekend prices fell 6.98% year-on-year. The upstream raw material market prices have slightly increased, with good cost support. Affected by the supply and demand side, it has a positive impact on the price of isobutyraldehyde. From the perspective of the downstream industry chain, the market price of neopentyl glycol has slightly increased, with the market price rising from 9350.00 yuan/ton at the beginning of the week to 9666.67 yuan/ton at the weekend, an increase of 3.39%. The market situation of neopentyl glycol has slightly increased, and downstream demand has increased, which has a positive impact on isobutyraldehyde.
3、 Future prospects
The market trend of isobutyraldehyde in mid to late August may be mainly fluctuating and rising. The upstream propylene market has slightly increased, with good cost support. The downstream neopentyl glycol market has slightly increased, and downstream procurement enthusiasm has increased. Business Society isobutyraldehyde analysts believe that in the short term, the isobutyraldehyde market may experience slight fluctuations and gains due to various factors such as supply and demand and raw materials.
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