1、 Price trend

According to the commodity analysis system of the business agency, the price of Isobutyraldehyde in the domestic market rose slightly this week. This week, the average price of Isobutyraldehyde in the domestic mainstream market rose from 7033.33 yuan/ton at the beginning of the week to 7166.67 yuan/ton at the end of the week, up 1.90%. Weekend prices fell by 2.71% year-on-year. On July 10, the Isobutyraldehyde commodity index was 36.55, up 0.17 points from yesterday, down 65.38% from the cycle’s highest point of 105.58 (2021-09-16), and up 21.35% from the lowest point of 30.12 on October 7, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)

2、 Market analysis

From the supply side, the quotation of Isobutyraldehyde mainstream manufacturers rose slightly this week, and the inventory was low.

From the perspective of upstream and downstream industrial chains, the propylene market in the upstream raw material market of Isobutyraldehyde fell slightly this week, with the price falling from 6683.25 yuan/ton at the beginning of the week to 6563.25 yuan/ton at the end of the week, down 1.80%. Weekend prices fell by 12.03% year-on-year. 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 fell slightly, from 9600.00 yuan/ton at the beginning of the week to 9566.67 yuan/ton at the end of the week, a drop of 0.35%. Neopentyl glycol market declined slightly, and downstream demand was weak, which had a negative impact on Isobutyraldehyde.

3、 Future prospects

In the middle and late July, Isobutyraldehyde market trend may fluctuate and fall mainly. The upstream propylene market declined slightly, and the cost support was insufficient. The downstream Neopentyl glycol market declined slightly, and the downstream purchasing enthusiasm weakened. Isobutyraldehyde analysts from the business agency believe that the short-term Isobutyraldehyde market may suffer a slight shock and decline, mainly due to the impact of supply and demand, raw materials and other aspects of the Isobutyraldehyde market.