1、 Price trend

According to the Commodity Analysis System of Business Society, the domestic market price of isobutyraldehyde has slightly increased this week. This week, the average price of isobutyraldehyde in the mainstream domestic market increased from 8933.33 yuan/ton at the beginning of the week to 9000.00 yuan/ton at the weekend, an increase of 0.75%. Weekend prices increased by 14.41% year-on-year. On September 12th, the isobutyraldehyde commodity index was 45.85, an increase of 0.16 points from yesterday, a decrease of 56.57% from the cycle’s highest point of 105.58 points (2021-09-16), and a 52.22% increase from the lowest point of 30.12 points on October 7th, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)

2、 Market analysis

From the supply side perspective, mainstream manufacturers of isobutyraldehyde have slightly increased their quotations this week, resulting in low inventory.

From the perspective of the upstream and downstream industrial chains, the propylene market in the upstream raw material market of isobutyraldehyde has slightly declined this week, with prices dropping from 7338.25 yuan/ton at the beginning of the week to 7113.25 yuan/ton at the weekend, a decrease of 3.07%. Weekend prices fell by 2.83% year-on-year. The upstream raw material market prices have slightly declined, with insufficient cost support. Affected by the supply and demand side, it has a negative impact on the price of isobutyraldehyde. From the perspective of the downstream industry chain, the market price of neopentyl glycol has slightly increased, rising from 9733.33 yuan/ton at the beginning of the week to 10033.33 yuan/ton at the weekend, an increase of 3.08%. 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 September may be mainly fluctuating and rising. Although the upstream propylene market has slightly declined and cost support is insufficient, the downstream neopentyl glycol market continues to rise, 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.