1、 Price trend

According to the commodity analysis system of the business agency, the domestic isobutyraldehyde market price fell slightly this week. The average price of domestic isobutyraldehyde mainstream market fell from 7700.00 yuan/ton at the beginning of the week to 7433.33 yuan/ton at the end of the week, a decrease of 3.46%. Weekend prices fell by 53.15% year-on-year. On June 5th, the isobutyraldehyde commodity index was 36.38, a decrease of 1.35 points from yesterday, a decrease of 65.54% from the cycle’s highest point of 105.58 points (2021-09-16), and an increase of 20.78% 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 slightly 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 6470.75 yuan/ton at the beginning of the week to 6340.75 yuan/ton at the weekend, a decrease of 2.01%. A year-on-year decrease of 21.53%. 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 was 10433.33 yuan/ton. The low level 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 June 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 low level, and the enthusiasm for downstream procurement has weakened. 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.