Recent domestic isobutyraldehyde price trend
| PVA |
As can be seen from the figure above, the market price of isobutyraldehyde rose first and then fell in September. The market price of isobutyraldehyde rose from 7300.00 yuan/ton on September 1 to 8133.33 yuan/ton on September 7, an increase of 1.42%. Later, it fell to 5933.33 yuan/ton on September 30, down 27.05%. A year-on-year drop of 61.72%.
On September 30, the isobutyraldehyde commodity index was 30.12, down 1.18 points from yesterday, hitting a new record low in the cycle, and down 71.47% from the peak of 105.58 on September 16, 2021. (Note: the cycle refers to 2021-09-01 to now). From the weekly histogram of isobutyraldehyde, the overall isobutyraldehyde rose first and then fell in September, with a maximum weekly decline of 7.41%.
From the manufacturer’s quotation, the price of domestic mainstream isobutyraldehyde manufacturers rose first and then fell in August, and the manufacturer’s inventory was average.
The upstream support is good, and the downstream demand is general
From the perspective of the upstream and downstream industrial chain of isobutyraldehyde, the upstream propylene market of isobutyraldehyde rose slightly in September. The price of propylene rose from 7100.60 yuan/ton at the beginning of the month to 7620.60 yuan/ton at the end of the month, an increase of 7.32%. A year-on-year decrease of 5.83%. The increase of upstream cost support has a positive impact on the price of isobutyraldehyde.
Downstream neopentyl glycol rose in September due to market volatility. The price of neopentyl glycol rose from 9966.67 yuan/ton at the beginning of the month to 10066.67 yuan/ton at the end of the month, up 1.00%. Downstream market rose slightly, and there was a downward trend at the end of the month. Downstream manufacturers were generally enthusiastic about purchasing isobutyraldehyde.
The market fell slightly after shocks
In the first ten days of October, the domestic isobutyraldehyde market may slightly fluctuate and decline. Although the upstream propylene price rose slightly, the cost support improved. However, there is a downward trend in the market of neopentyl glycol in the downstream. Downstream factories are less active in purchasing isobutyraldehyde, and the product trend is downward under the contradiction between supply and demand. The isobutyraldehyde analysts from the business community believe that the domestic isobutyraldehyde market may suffer a slight shock and decline in the short term under the influence of supply and demand, raw materials and other aspects.
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