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 7483.33 yuan/ton at the beginning of the week to 7750.00 yuan/ton at the weekend, an increase of 3.56%, and the weekend price increased by 22.37% year-on-year. On November 20th, the isobutyraldehyde commodity index was 39.34, unchanged from yesterday, a decrease of 62.74% from the cycle’s highest point of 105.58 points (2021-09-16), and an increase of 30.61% 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, mainstream manufacturers of isobutyraldehyde have slightly increased their quotations this week, resulting in low inventory.

From the perspective of the upstream and downstream industry chains, the propylene market in the upstream raw material market of isobutyraldehyde has slightly declined this week, with prices dropping from 7203.25 yuan/ton at the beginning of the week to 7198.25 yuan/ton at the weekend, a decrease of 0.07%. The weekend prices have dropped by 0.45% year-on-year. The upstream raw material market prices have slightly declined, and cost support has weakened. Affected by the supply and demand side, it has a negative impact on the price of isobutyraldehyde.

From the perspective of the downstream industry chain, the market price of neopentyl glycol has slightly declined, dropping from 10325.00 yuan/ton at the beginning of the week to 10110.00 yuan/ton at the weekend, a decrease of 2.18%, and the weekend price has increased by 9.78% 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

The market trend of isobutyraldehyde in late November may be mainly fluctuating and declining. The downstream market for neopentyl glycol has slightly declined, and downstream procurement enthusiasm has weakened. The upstream propylene market has shown a downward trend over the weekend, with insufficient cost support. 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.