1、 Price trend

According to the commodity analysis system of the business agency, the domestic isobutyraldehyde market price fell sharply this week. The average price of domestic isobutyraldehyde mainstream market fell from 10400.00 yuan/ton at the beginning of the week to 9166.67 yuan/ton at the end of the week, a decline of 11.86%. Weekend prices fell 40.35% year-on-year. On May 15th, the isobutyraldehyde commodity index was 46.70, an increase of 0.17 points compared to yesterday, a decrease of 55.77% from the cycle’s highest point of 105.58 points (2021-09-16), and an increase of 55.05% 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 prices of mainstream manufacturers of isobutyraldehyde have significantly decreased this week, resulting in low inventory.

From the perspective of the upstream and downstream industrial chains, the propylene market in the upstream raw material market of isobutyraldehyde has slightly declined this week, with prices dropping from 6918.60 yuan/ton at the beginning of the week to 6880.60 yuan/ton at the weekend, a decrease of 0.55%. Weekend prices fell by 19.77% year-on-year. The price of upstream raw material market fell slightly, and the cost support was insufficient. Affected by the supply and demand side, the price of isobutyraldehyde was negatively affected. From the perspective of the downstream industry chain, the market price of neopentyl glycol is 10766.67 yuan/ton,. The high consolidation of the new pentanediol market and average downstream demand have a bearish impact on isobutyraldehyde.

3、 Future prospects

The market trend of isobutyraldehyde in mid to late May may be mainly fluctuating and declining. The upstream propylene market has slightly declined, with insufficient cost support. The downstream market for neopentyl glycol has stabilized at a high level, and downstream procurement enthusiasm is average. Some manufacturers have resumed production, resulting in an increase in isobutyraldehyde flux. Business Society isobutyraldehyde analysts believe that in the short term, the isobutyraldehyde market may experience slight fluctuations and declines due to various factors such as supply and demand and raw materials.