According to the Commodity Market Analysis System of Business Society, as of May 29th, the average price of isobutanol for enterprises was 8175.00 yuan/ton, an increase of 2.83% compared to May 1st (the reference price of isobutanol was 7950 yuan/ton).

From the monitoring chart of Business Society data, it can be seen that the isobutanol market trend in May was upward. After the holiday, the price center of raw material propylene shifted upwards, with the main increase in raw material isobutyraldehyde fluctuating. The cost support was still acceptable, and the market spot supply was tight. In addition, the related product n-butanol continued to rise after the holiday. With multiple supports, the market price of isobutyraldehyde steadily increased in the first half of the month. In the second half of the month, factories did not push up prices, but their demand performance was average. They were slightly cautious about high priced raw materials, and small orders followed closely. The market transactions were stable and orderly. As the end of the month approached, supply side inventory was low, and the strong operation of related products such as n-butanol boosted the market, causing the isobutanol market to rise again.

Cost side:

Isobutyraldehyde: According to the monitoring chart of Business Society data, the price of raw material isobutyraldehyde increased significantly in May, providing stronger support for the isobutanol market.

Propylene: In May, the price of raw material propylene fluctuated and stabilized. On May 28th, the reference price of propylene was 6824.60, an increase of 0.35% compared to May 1st (6800.60), providing moderate support for the isobutanol market.

Related product n-butanol:

From the monitoring chart of Business Society data, it can be seen that the overall trend of n-butanol market in Shandong, China in May was upward. The price changes of n-butanol had a significant impact on the isobutanol market, and May provided strong support for the rise of isobutanol market.

Future prospects:

The isobutanol analyst from Business Society believes that the current prices of raw materials propylene and isobutyraldehyde are relatively strong, and short-term cost support may still exist. Supply side inventory is currently operating without pressure, and downstream inquiries and purchases are mainly in demand. It is expected that the isobutanol market will remain strong in the short term, and more attention should be paid to changes in the prices of related products, n-butanol.