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 8233.33 yuan/ton at the beginning of the week to 8433.33 yuan/ton over the weekend, an increase of 2.43%, and the weekend price increased by 25.25% year-on-year. On January 7th, the isobutyraldehyde commodity index was 42.81, unchanged from yesterday, a decrease of 59.45% from the highest point in the cycle of 105.58 points (2021-09-16), and an increase of 42.13% 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 6868.25 yuan/ton at the beginning of the week to 6638.25 yuan/ton at the end of the week, a decrease of 3.35%, and a year-on-year decrease of 8.45% in weekend prices. The upstream raw material market prices have slightly declined, with insufficient cost support. Due to the impact of supply and demand, the price of isobutyraldehyde has been negatively affected.

From the perspective of the downstream industry chain, the market situation of new pentanediol has slightly increased, with the market price rising from 9800 yuan/ton at the beginning of the week to 9875 yuan/ton over the weekend, an increase of 0.77%. The weekend price has increased by 8.12% year-on-year. The market situation of neopentyl glycol has slightly increased, and downstream demand has increased, which has a positive impact on isobutyraldehyde.

3、 Future prospects

In mid to late January, the trend of isobutyraldehyde market may fluctuate and rise. The downstream market for new pentanediol has slightly increased, and downstream procurement enthusiasm has increased. The upstream propylene market is showing an upward trend, with increased cost support. Business Society isobutyraldehyde analysts believe that in the short term, the isobutyraldehyde market may experience slight fluctuations and increases due to various factors such as supply and demand and raw materials.