1、 Price trend

According to the commodity analysis system of the business community, the domestic isobutyraldehyde market price was temporarily stable this week. The average price of domestic isobutyraldehyde mainstream market this week is 7700.00 yuan/ton. Weekend prices decreased by 47.26% year-on-year compared to the same period last year. On April 16th, the isobutyraldehyde commodity index was 39.09, unchanged from yesterday, a decrease of 62.98% from the cycle’s highest point of 105.58 points (2021-09-16), and an increase of 29.78% 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, the mainstream manufacturers of isobutyraldehyde have temporarily stabilized their quotations this week and have low inventory.

From the perspective of the upstream and downstream industry chains, the propylene market in the upstream raw material market of isobutyraldehyde has slightly increased this week, with prices rising from 7156.60 yuan/ton at the beginning of the week to 7286.60 yuan/ton at the weekend, an increase of 1.82%. Weekend prices have decreased by 13.68% compared to the same period last year. The price of upstream raw material market rose slightly, and the cost support increased. Affected by the supply and demand side, the price of isobutyraldehyde was positively affected. From the perspective of the downstream industry chain, the market price of neopentyl glycol is 10600.00 yuan/ton. The high consolidation of the new pentanediol market and average downstream demand have a positive impact on isobutyraldehyde.

3、 Future prospects

The market trend of isobutyraldehyde in late April may be mainly fluctuating and rising. The upstream propylene market has slightly increased, with increased cost support. The downstream market for neopentyl glycol has stabilized at a high level, and downstream procurement enthusiasm is good. 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.