SunSirs: The Price of Isobutyraldehyde First Fell and Then Rose

https://www.chemnet.com   May 17,2024 SunSirs

　　The price of isobutyraldehyde first fell and then rose

　　According to the Commodity Market Analysis System of SunSirs, as of May 15th, the domestic quotation for isobutyraldehyde was 8,050 RMB/ton, which decreased first and then increased compared to May 7th's isobutyraldehyde price of 7,975 RMB/ton, with an increase of 0.94%; The price of isobutyraldehyde had increased by 2.88% compared to 7,825 RMB/ton on May 11th; Compared to7650 RMB/ton on May 1st, the price of isobutyraldehyde increased by 5.23%. After the holiday, the price of isobutyraldehyde rose sharply, but downstream demand support was limited, and the price of isobutyraldehyde fell from a high level. However, as the price of isobutyraldehyde fell, manufacturers' willingness to ship decreased, the supply of isobutyraldehyde tightened, and the price of isobutyraldehyde rebounded and rose.

　　Raw material propylene prices consolidated at high levels

　　According to the Commodity Market Analysis System of SunSirs, as of May 15th, the price of propylene was quoted at 6,818.60 RMB/ton, an increase of 0.65% compared to the volatile price of 6,774.60 RMB/ton on May 7th; Compared to the quotation of 6,800.60 RMB/ton on May 1st, it had slightly increased by 0.26%. Downstream, under cost pressure, procurement was cautious and the enthusiasm for entering the market was not high. Propylene enterprises generally sold their goods, and propylene prices remained stable at high levels. Cost support was strong, and the rise in isobutyraldehyde was strongly supported.

　　Downstream was favorable

　　According to the Commodity Market Analysis System of SunSirs, as of May 15th, the price of Neopentyl glycol was quoted at 10100 RMB/ton, an increase of 1.34% compared to the price of 9966.67 RMB/ton quoted on May 6th. After the holiday, some Neopentyl glycol companies had raised their prices, and Yantai Wanhua's Neopentyl glycol price had risen to 10,300-10,500 RMB/ton. Luxi Chemical's Neopentyl glycol quotation had been suspended, and the support for the rise of Neopentyl glycol had increased. The Neopentyl glycol market was operating stronger, and the upward momentum for isobutyraldehyde had increased.

　　Market outlook

　　SunSirs' isobutyraldehyde industry analyst believes that in terms of cost, the high price of raw material propylene has stabilized, and the support for the rising cost of isobutyraldehyde still exists; In terms of supply and demand, the price of isobutyraldehyde first fell and then rose. The supply of isobutyraldehyde tightened, and the price of neopentyl glycol increased, providing strong support for the demand for isobutyraldehyde. In the future, cost support, tight supply and stable demand, and isobutyraldehyde enterprises have a strong willingness to raise prices. It is expected that isobutyraldehyde prices will fluctuate and rise in the future.

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