1、 Price trend
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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 7466.67 yuan/ton at the beginning of the week to 7833.33 yuan/ton over the weekend, an increase of 4.91%, and the weekend price increased by 26.01% year-on-year. On December 10th, the isobutyraldehyde commodity index was 39.76, unchanged from yesterday, a decrease of 62.34% from the highest point in the cycle of 105.58 points (2021-09-16), and an increase of 32.01% from the lowest point of 30.12 points on October 7th, 2022. (Note: The cycle refers to the period from September 1, 2021 to present)
2、 Market analysis
From the supply side perspective, mainstream manufacturers of isobutyraldehyde have seen a slight increase in their quotations this week, resulting in low inventory.
From the perspective of the upstream and downstream industrial chain, the propylene market in the upstream raw material market of isobutyraldehyde has slightly declined this week, with prices dropping from 7105.75 yuan/ton at the beginning of the week to 6968.25 yuan/ton at the weekend, a decrease of 1.94%, and a year-on-year decrease of 6.27% over the weekend. The upstream raw material market prices have slightly declined, and cost support has weakened. Due to the impact of supply and demand, it has a negative impact on the price of isobutyraldehyde.
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From the perspective of the downstream industry chain, the market situation of new pentanediol has slightly declined, with the market price dropping from 9725.00 yuan/ton at the beginning of the week to 9650.00 yuan/ton over the weekend, a decrease of 0.77%, and a year-on-year increase of 7.62% over the weekend. The market situation of neopentyl glycol has slightly declined, and downstream demand has weakened, which has a negative impact on isobutyraldehyde.
3、 Future prospects
In mid to late December, the trend of isobutyraldehyde market may fluctuate and decline. The downstream market for new pentanediol has slightly declined, and downstream procurement enthusiasm has weakened. The upstream propylene market has slightly declined, 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.
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