According to the commodity analysis system of the business community, the market price of Isobutyraldehyde fell sharply in June. The market price of Isobutyraldehyde fell from 7533.33 yuan/ton at the beginning of the month to 6833.33 yuan/ton at the end of the month, a decrease of 9.29%. The price at the end of the month decreased by 11.64% year-on-year. On June 27, the Isobutyraldehyde commodity index was 33.16, down 1.19 points from yesterday, down 68.59% from the cycle’s highest point of 105.58 (2021-09-16), and up 10.09% from the lowest point of 30.12 on October 7, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)

From the supply side, the price of domestic mainstream Isobutyraldehyde manufacturers fell slightly in June, and the inventory of manufacturers was average.

Upstream support is good, while downstream demand weakens

From the cost side, the upstream propylene market of Isobutyraldehyde fell first and then rose in June. The price of propylene first fell from 6460.75 yuan/ton on June 1 to 6155.75 yuan/ton on June 13, a decrease of 4.72%, and then rose to 6513.25 yuan/ton on June 28, an increase of 5.81%. Overall, the price of propylene increased by 0.81% in June, with a year-on-year decrease of 15.83% at the end of the month. The rising cost is well supported, which has a positive impact on the price of Isobutyraldehyde.

From the demand side, the downstream market of Neopentyl glycol fell sharply in June. The market price of Neopentyl glycol dropped from 10433.33 yuan/ton at the beginning of the month to 9500.00 yuan/ton at the end of the month, a decrease of 8.95%. The price at the end of the month decreased by 32.94% year-on-year. Downstream market fell sharply, and downstream manufacturers’ purchasing enthusiasm for Isobutyraldehyde weakened.

Small fluctuation and decline in the future market

In the first ten days of July, the domestic Isobutyraldehyde market may slightly fluctuate and decline. The upstream propylene market has slightly increased, with average cost support. The downstream market of Neopentyl glycol fell sharply, the downstream manufacturers’ purchasing enthusiasm for Isobutyraldehyde weakened, and the product trend declined under the contradiction between supply and demand. Isobutyraldehyde analysts from the business agency believe that the domestic Isobutyraldehyde market may suffer a slight shock and decline in the short term under the influence of supply and demand, raw materials and other aspects.