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 7900.00 yuan/ton at the beginning of the week to 7933.33 yuan/ton over the weekend, an increase of 0.42%. The weekend price increased by 20.20% year-on-year. On December 18th, the isobutyraldehyde commodity index was 40.44, an increase of 0.17 points from yesterday, a decrease of 61.70% from the highest point in the cycle of 105.58 points (2021-09-16), and an increase of 34.26% 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 a slight increase in their quotations this week, resulting in low inventory.

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 6968.25 yuan/ton at the beginning of the week to 6983.25 yuan/ton at the weekend, an increase of 0.22%, and a year-on-year decrease of 8.22% 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 declined, with the market price dropping from 9575.00 yuan/ton at the beginning of the week to 9525.00 yuan/ton at the weekend, a decrease of 0.52%, and the weekend price rising by 3.91% year-on-year. The market situation of neopentyl glycol has slightly declined, and downstream demand has weakened, which has a negative impact on isobutyraldehyde.

3、 Future prospects

In late December, the trend of isobutyraldehyde market may fluctuate and rise. Although the downstream market for new pentanediol has slightly declined, downstream procurement enthusiasm has weakened. However, 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.