The price of isobutyraldehyde increased significantly in May

According to the Commodity Market Analysis System of Shengyishe, as of May 28th, the domestic quotation for isobutyraldehyde was 8675 yuan/ton, an increase of 13.40% from the price of 7650 yuan/ton on May 1st. Low inventory of isobutyraldehyde manufacturers, resulting in a significant increase in isobutyraldehyde prices in May; Downstream demand support, manufacturers have a strong willingness to ship, and the price of isobutyraldehyde has significantly increased.

The price of raw material propylene fluctuates and consolidates

According to the Commodity Market Analysis System of Shengyishe, as of May 28th, the price of propylene was 6824.6 yuan/ton, a slight increase of 0.35% compared to the price of 6800.6 yuan/ton on May 1st. Crude oil prices are weakly consolidating, propylene cost support is weakening, propylene price increases are weak, propylene units are restarting and increasing, propylene supply is sufficient, downstream procurement enthusiasm is limited, propylene enterprises are generally selling, and propylene prices are fluctuating and consolidating. Cost support still exists, with limited support for the rise of isobutyraldehyde.

Downstream favorable support increased

According to the Commodity Market Analysis System of Shengyishe, as of May 28th, the quotation for new pentanediol was 10700 yuan/ton, an increase of 7.36% compared to the quotation of 9966.67 yuan/ton on May 1st. The quotation of new pentanediol enterprises has significantly increased, with Yantai Wanhua’s new pentanediol price rising to 11100-11300 yuan/ton, and Luxi Chemical’s new pentanediol quotation of 9850 yuan/ton. Cost support is strong, and the new pentanediol market is operating stronger. The inventory of new pentanediol factories is low, and the order is currently scheduled for next month. The supply of goods on site is tight, and the inquiry atmosphere is strong. Traders are reluctant to sell in stock, resulting in an increase in the market price of new pentanediol.

Market Overview and Forecast

Business Society’s isobutyraldehyde industry analyst believes that in terms of cost, the price of raw material propylene fluctuates and consolidates, and the support for the increase in isobutyraldehyde cost is weakened; In terms of supply and demand, the supply of isobutyraldehyde is tightening, and the price of isobutyraldehyde is rising; The price of neopentyl glycol has significantly increased, but downstream procurement enthusiasm is average, and demand support for isobutyraldehyde is limited. In the future, cost support still exists, supply and demand are tight, and isobutyraldehyde enterprises are more willing to raise prices. It is expected that isobutyraldehyde prices will fluctuate and consolidate at high levels in the future.