The price of isobutyraldehyde fluctuates and rises

According to the Commodity Market Analysis System of Shengyishe, as of May 22nd, the domestic isobutyraldehyde quotation was 8525 yuan/ton, a fluctuating increase of 8.95% compared to the isobutyraldehyde price of 7825 yuan/ton on May 13th; Compared to May 1st, the price of isobutyraldehyde increased by 11.44% to 7650 yuan/ton. This week, the price of isobutyraldehyde has surged, supported by downstream demand, and manufacturers have a strong willingness to ship. The price of isobutyraldehyde has stabilized after rising.

Strong consolidation of raw material propylene prices

According to the Commodity Market Analysis System of Shengyishe, as of May 22, the price of propylene was quoted at 6882.6 yuan/ton, an increase of 0.94% compared to the volatile price of propylene at 6818.6 yuan/ton on May 15; Compared to the quotation of 6800.6 yuan/ton on May 1st, it has slightly increased by 1.21%. Crude oil prices have stopped falling and stabilized, with support from propylene costs and strong consolidation of propylene prices. Propylene units have restarted and increased, with sufficient supply of propylene and cautious downstream procurement. Propylene enterprises have generally sold their goods, while propylene prices have fluctuated and stabilized. Cost support still exists, while support for the rise of isobutyraldehyde remains.

Downstream favorable support

According to the Commodity Market Analysis System of Shengyishe, as of May 22, the price of new pentanediol was quoted at 10650 yuan/ton, an increase of 5.45% compared to the price of 10100 yuan/ton quoted on May 15. The quotation of neopentyl glycol enterprises has significantly increased, with strong cost support. The neopentyl glycol market is operating strongly, and the inventory of neopentyl glycol factories is low. Currently, orders are being scheduled until next month. The supply of goods on site is tight, and the inquiry atmosphere is strong. Traders are reluctant to sell spot goods, resulting in an increase in the price of neopentyl glycol in the market.

Market Overview and Forecast

Business Society’s isobutyraldehyde industry analyst believes that in terms of cost, the strong consolidation of raw material propylene prices still supports the rise in isobutyraldehyde costs; In terms of supply and demand, the price of isobutyraldehyde has fluctuated and increased, the supply of isobutyraldehyde has tightened, and the price of neopentyl glycol has significantly increased. However, downstream procurement enthusiasm is average, and demand support for isobutyraldehyde is limited. In the future, cost support still exists, supply and demand are tight, and isobutyraldehyde enterprises are generally willing to raise prices. It is expected that isobutyraldehyde prices will fluctuate and stabilize in the future.