According to the Commodity Analysis System of Business Society, the market price of isobutyraldehyde increased significantly in December. The market price of isobutyraldehyde increased from 7333.33 yuan/ton at the beginning of the month to 8233.33 yuan/ton at the end of the month, an increase of 12.27%, and the price at the end of the month increased by 27.97% year-on-year. On December 28, the isobutyraldehyde commodity index was 41.62, an increase of 0.16 points from yesterday, a decrease of 60.58% from the highest point in the cycle of 105.58 points (2021-09-16), and an increase of 38.18% from the lowest point of 30.12 points on October 7, 2022. (Note: The cycle refers to the period from September 1, 2021 to present)

From the supply side perspective, the prices of mainstream domestic isobutyraldehyde manufacturers increased significantly in December, and the inventory levels of manufacturers were average.

Upstream support is average, downstream demand is good

From a cost perspective, the upstream propylene market for isobutyraldehyde fluctuated and fell in December. The price of propylene decreased from 7105.75 yuan/ton at the beginning of the month to 6868.25 yuan/ton at the end of the month, a decrease of 3.34%, and the price at the end of the month decreased by 5.27% year-on-year. The weakening of upstream cost support has a bearish impact on the price of isobutyraldehyde.

From the demand side, the downstream market for neopentyl glycol in December first fell and then rose. The market price of neopentyl glycol increased from 5279 yuan/ton at the beginning of the month to 9800 yuan/ton at the end of the month, with a growth rate of 0.77%. At the end of the month, prices increased by 7.30% year-on-year. The downstream market has slightly increased, and downstream manufacturers have increased their enthusiasm for purchasing isobutyraldehyde.

Small fluctuations and gains in the future market

In mid to early January, the domestic isobutyraldehyde market may experience slight fluctuations and gains. The downstream market for new pentanediol has slightly increased, and downstream manufacturers are more proactive in purchasing isobutyraldehyde. The upstream propylene market is showing an upward trend, with increased cost support. Under the contradiction of supply and demand, the product trend is on the rise. Business Society’s isobutyraldehyde analysts believe that in the short term, the domestic isobutyraldehyde market may experience slight fluctuations and increases due to various factors such as supply and demand and raw materials.