The price of isobutyraldehyde fluctuated and rose

According to the Commodity Market Analysis System of SunSirs, as of May 22nd, the domestic isobutyraldehyde quotation was 8,525 RMB/ton, a fluctuating increase of 8.95% compared to the isobutyraldehyde price of 7,825 RMB/ton on May 13th; Compared to the price of 7,650 RMB/ton on May 1st, the price of isobutyraldehyde increased by 11.44%. This week, the price of isobutyraldehyde had surged, supported by downstream demand, and manufacturers had a strong willingness to ship. The price of isobutyraldehyde had stabilized after rising.

Raw material propylene prices consolidated Strongly

According to the Commodity Market Analysis System of SunSirs, as of May 22, the price of propylene was quoted at 6,882.6 RMB/ton, an increase of 0.94% compared to the volatile price of propylene at 6,818.6 RMB/ton on May 15; Compared to the quotation of 6,800.6 RMB/ton on May 1st, it had slightly increased by 1.21%. Crude oil prices had stopped falling and stabilized, with support from propylene costs and strong consolidation of propylene prices. Propylene units had restarted and increased, with sufficient supply of propylene and cautious downstream procurement. Propylene enterprises had generally sold their goods, while propylene prices had fluctuated and stabilized. Cost support still existed, while support for the rise of isobutyraldehyde remained.

Downstream favorable supported

According to the Commodity Market Analysis System of SunSirs, as of May 22, the price of neopentyl glycol was quoted at 10,650 RMB/ton, an increase of 5.45% compared to the price of 10,100 RMB/ton quoted on May 15. The quotation of neopentyl glycol enterprises had significantly increased, with Yantai Wanhua's neopentyl glycol price rising to 10,900-11,100 RMB/ton, and Luxi Chemical's neopentyl glycol quotation of 9,600 RMB/ton. Cost support was strong, and the neopentyl glycol market was operating stronger. The inventory of neopentyl glycol factories was low, and the order was temporarily scheduled for next month. The supply of goods on site was tight, and the inquiry atmosphere was strong. Traders we reluctant to sell in stock, resulting in an increase in the market price of neopentyl glycol.

Market Overview and Forecast

SunSirs's isobutyraldehyde industry analyst believes that in terms of cost, the strong consolidation of raw material propylene prices still supported the rise in isobutyraldehyde costs; In terms of supply and demand, the price of isobutyraldehyde had fluctuated and increased, the supply of isobutyraldehyde had tightened, and the price of neopentyl glycol had significantly increased. However, downstream procurement enthusiasm was average, and demand support for isobutyraldehyde was limited. In the future, cost support still exists, supply and demand are tight, and isobutyraldehyde enterprises are generally willing to raise prices. It is expected that isobutyraldehyde prices will fluctuate and stabilize in the future.

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