1、 Price trend
According to the Commodity Analysis System of Business Society, the average price of isobutyraldehyde in the mainstream market in China dropped from 9000 yuan/ton at the beginning of the week to 8776.67 yuan/ton over the weekend, a decrease of 2.59%, and the weekend price increased by 19.55% year-on-year.
2、 Market analysis
From the supply side perspective, mainstream manufacturers of isobutyraldehyde have seen a slight decline in their quotations this week, resulting in low inventory.
The propylene market has slightly declined this week, with prices dropping from 6992.6 yuan/ton at the beginning of the week to 6948.60 yuan/ton over the weekend, a decrease of 0.63%, and a year-on-year decrease of 4.82% over the weekend. At the beginning of the week, propylene prices saw a slight decline due to the dual negative impact of weak crude oil and weak demand.
From the perspective of downstream demand, the market situation of new pentanediol has slightly declined, with the market price dropping from 10666.67 yuan/ton at the beginning of the week to 10633.33 yuan/ton at the weekend, a decrease of 0.31%, and the weekend price dropping by 1.84% year-on-year. The market situation of neopentyl glycol has slightly declined, with high enterprise production and average downstream demand, which has a negative impact on isobutyraldehyde.
3、 Future prospects
In late March, the trend of isobutyraldehyde market may fluctuate and decline. The upstream propylene market has experienced a slight decline, with insufficient cost support. The downstream market for new pentanediol has also experienced a slight decline, leading to high levels of enterprise production and weakened downstream procurement enthusiasm. Business Society’s isobutyraldehyde analyst believes 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.
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