The price of isobutyraldehyde fluctuated and rose this week

According to the Commodity Market Analysis System of Shengyishe, as of April 19th, the domestic isobutyraldehyde quotation was 7450 yuan/ton, an increase of 3.29% from the isobutyraldehyde price of 7212.50 yuan/ton on April 12th. The price of crude oil continues to rise, while the price of propylene, a raw material for isobutyraldehyde, fluctuates and rises. Downstream inventory of new pentanediol is depleted, and the demand support for the cost increase of isobutyraldehyde is limited. The driving force for the price increase of isobutyraldehyde is increasing.

The price of raw material propylene fluctuates and rises

According to the Commodity Market Analysis System of Shengyishe, as of April 19th, the price of propylene was 6932.60 yuan/ton, a fluctuating increase of 0.58% compared to the price of 6892.60 yuan/ton on April 12th. The price of raw material crude oil continues to rise, the cost of propylene has risen, the supply of propylene is sufficient, downstream construction has increased, and the enthusiasm for propylene transactions has increased. This week, the support for propylene’s rise has increased.

Limited downstream demand support

According to the Commodity Market Analysis System of Business Society, as of April 19th, the price of new pentanediol was 9933.33 yuan/ton, which is temporarily stable compared to the price of 9933.33 yuan/ton quoted on April 12th. This week, some new pentanediol factories have seen a slight rebound in their quotations, and new pentanediol manufacturers are slowly reducing their inventory; Formaldehyde prices fluctuate and rise, while isobutyraldehyde prices fluctuate and rise. In terms of raw materials, the upward momentum of neopentyl glycol increases; Downstream demand for neopentyl glycol is weak. This week, the downward pressure on new pentanediol has weakened, and there is still upward momentum.

Market Overview and Forecast

Business Society’s isobutyraldehyde industry analyst believes that in terms of cost, the price of raw material propylene has fluctuated and risen, and the cost of isobutyraldehyde has increased, providing greater support for the increase in isobutyraldehyde cost; In terms of demand, the market support for neopentyl glycol is limited, and the price of neopentyl glycol is temporarily stable. In the future, cost support demand is weak, and it is expected that the price of isobutyraldehyde will fluctuate and stabilize.