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 7966.67 yuan/ton at the beginning of the week to 8033.33 yuan/ton over the weekend, an increase of 0.84%, and the weekend price increased by 21.72% year-on-year. On December 25th, the isobutyraldehyde commodity index was 40.95, an increase of 0.17 points from yesterday, a decrease of 61.21% from the highest point in the cycle of 105.58 points (2021-09-16), and an increase of 35.96% from the lowest point of 30.12 points on October 7th, 2022. (Note: The cycle refers to the period from September 1, 2021 to present)

2、 Market analysis

From the supply side perspective, mainstream manufacturers of isobutyraldehyde have seen fluctuations in their quotations and low inventory this week.

From the perspective of the upstream and downstream industrial chain, the propylene market in the upstream raw material market of isobutyraldehyde has slightly increased this week, with prices rising from 6895.75 yuan/ton at the beginning of the week to 6928.25 yuan/ton at the weekend, an increase of 0.47%, and a year-on-year decrease of 6.10% over the weekend. The upstream raw material market prices have slightly increased, leading to increased cost support and a positive impact on the price of isobutyraldehyde due to the impact of supply and demand.

From the perspective of the downstream industry chain, the market situation of new pentanediol has slightly increased, with the market price rising from 9525 yuan/ton at the beginning of the week to 9800 yuan/ton at the weekend, an increase of 2.89%. The weekend price has increased by 6.19% year-on-year. The market situation of neopentyl glycol has slightly increased, and downstream demand has increased, which has a positive impact on isobutyraldehyde.

3、 Future prospects

In late December, the trend of isobutyraldehyde market may fluctuate and rise. The downstream market for new pentanediol has slightly increased, and downstream procurement enthusiasm has increased. The upstream propylene market has slightly increased, with good cost support. Business Society isobutyraldehyde analysts believe that in the short term, the isobutyraldehyde market may experience slight fluctuations and increases due to various factors such as supply and demand and raw materials.