1、 Price trend
As can be seen from the above figure, the domestic isobutyraldehyde market price rose slightly this week. This week, the average price of isobutyraldehyde in the mainstream domestic market rose from 15166.67 yuan / ton last weekend to 15366.67 yuan / ton this weekend, an increase of 1.32%. On May 15, the isobutyraldehyde commodity index was 78.00, unchanged from yesterday, down 26.12% from the highest point of 105.58 in the cycle (2021-09-16), and up 119.53% from the lowest point of 35.53 on December 11, 2021. (Note: the period refers to the period from September 1, 2021 to now)
2、 Market analysis
The quotation of mainstream isobutyraldehyde manufacturers increased slightly this week: the ex factory quotation of lihuayi isobutyraldehyde this weekend was 15300 yuan / ton, which increased by 300 yuan / ton compared with last weekend; Hualu Hengsheng isobutyraldehyde’s ex factory quotation this weekend is 15500 yuan / ton, which is temporarily stable compared with last weekend; Shandong Zhenkun isobutyraldehyde offered 15300 yuan / ton this weekend, up 300 yuan / ton compared with last weekend.
From the perspective of upstream and downstream industrial chains, in the upstream raw material market of isobutyraldehyde, the propylene market fell first and then rose this week. The quotation fell from 8800.80 yuan / ton last weekend to 8576.60 yuan / ton this weekend, down 2.55%. The market price of upstream raw materials fell slightly, and the cost support weakened. Affected by the supply and demand side, it had a negative impact on the price of isobutyraldehyde. From the downstream industrial chain, the market price of neopentyl glycol increased slightly, and the quotation increased from 17333.33 yuan / ton last weekend to 17433.33 yuan / ton this weekend, an increase of 0.58%. The market of neopentyl glycol rose slightly and the downstream demand increased, which had a positive impact on isobutyraldehyde.
3、 Future forecast
The market trend of isobutyraldehyde may rise slightly in mid May. The upstream propylene market showed an upward trend over the weekend, and the cost support was strengthened. The downstream neopentyl glycol market rose slightly, and the downstream procurement enthusiasm was good. Isobutyraldehyde analysts of business society believe that under the influence of supply and demand and raw materials in the short-term isobutyraldehyde market, the isobutyraldehyde market may rise slightly.