SunSirs: The Domestic Isobutyraldehyde Price Rose 7.98% This Week (October 15-21)

https://www.chemnet.com   Oct 25,2022 SunSirs

　　As can be seen from the figure above, the domestic isobutyraldehyde market price rose this week. This week, the average price of domestic isobutyraldehyde mainstream market rose from 6,266.67 RMB/ton at the last weekend to 6,766.67 RMB/ton at this weekend, up 7.98%.

　　On October 23, the isobutyraldehyde commodity index was 34.86, up 0.51 points from the previous day, down 66.98% from the cycle's highest point of 105.58 points(2021-09-16), and up 15.74% from the lowest point of 30.12 points on October 7, 2022. (Note: Period refers to 2021-09-01 to now)

　　Analysis review

　　The quotation of mainstream isobutyraldehyde manufacturers rose slightly this week: the ex factory quotation of Lihuayi's isobutyraldehyde this weekend was 6,600 RMB/ton, up 600 RMB/ton compared with last weekend; The factory quotation of isobutyraldehyde of Hualu Hengsheng this weekend was 7,000 RMB/ton, which is 500 RMB/ton higher than that of last weekend; The selling quotation of isobutyraldehyde produced by Luxi Chemical, distributed by Shandong Zhenkun, was 6,700 RMB/ton this weekend, up 400 RMB/ton compared with last weekend.

　　From the perspective of upstream and downstream industrial chains, the propylene market in the upstream raw material market of isobutyraldehyde fell slightly this week, with the price dropping from 7,620.60 RMB/ton at the end of last week to 7,426.60 RMB/ton at the end of this week, a 2.55% drop. The upstream raw material market price fell slightly, and the cost support was insufficient. Affected by the supply and demand side, the price of isobutyraldehyde was negatively affected. From the perspective of the downstream industry chain, the market price of neopentyl glycol was adjusted at a low level, with a price of 10,100.00 RMB/ton. The market of neopentyl glycol was consolidated at a low level, and the downstream demand was general, which had a negative impact on isobutyraldehyde.

　　Market outlook

　　The market trend of isobutyraldehyde in late October may fall slightly. The upstream propylene market declined slightly, and the cost support was insufficient. The downstream neopentyl glycol market had a downward trend, and the downstream purchasing enthusiasm weakened. The isobutyraldehyde analysts from SunSirs believe that in the short term, the isobutyraldehyde market may be subject to slight shock and decline under the influence of supply and demand, raw materials and other aspects of the isobutyraldehyde market.

 Print  |    add to Favorites  |    Close