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SunSirs: Inventory Was No Pressure, and Isobutanol Price Increased after the Holiday

May 09 2024 15:50:52     SunSirs (John)

Price trend

After the holiday, the market price of isobutanol has increased. According to the Commodity Market Analysis System of SunSirs, as of May 8th, the average price of isobutanol enterprises was 8,000.00 RMB/ton, an increase of 0.63% compared to the price on April 30th.

Analysis review

Supply and demand side: After the holiday, factory inventory in the Shandong market was low, and shipments were still acceptable. The mainstream negotiation focus in the isobutanol market had shifted upwards, and downstream inquiries and purchases were mainly following up on urgent needs. The mentality of the East China market was strong, with an upward trend in quotations and a strong demand for transactions.

Cost side:

Propylene: According to the commodity market analysis system of SunSirs, the reference price of acrylic acid on May 7th was 6,875.00 RMB/ton, an increase of 0.73% compared to May 1st (6,825.00 RMB/ton), which provided sufficient support for the isobutanol market.

Isobutyraldehyde: According to the commodity market analysis system of SunSirs, the price of isobutyraldehyde had increased after the holiday. As of May 7th, the domestic isobutyraldehyde quotation was 7,975 RMB/ton, an increase of 4.25% from May 1st isobutyraldehyde price of 7,650 RMB/ton, providing stronger support for the isobutyraldehyde market.

Related product n-butanol:

According to the commodity market analysis system of SunSirs, on May 7th, the reference price of n-butanol (industrial grade) was 7,866.67 RMB/ton, an increase of 0.43% compared to May 1st (7,833.33 RMB/ton). After the holiday, the n-butanol market slightly increased, providing support for the isobutanol market.

Market outlook

SunSirs; Isobutanol Analysts believe that the supply side had been operating without pressure recently, coupled with the rise of upstream isobutyraldehyde, the price of related products, n-butanol, had slightly increased, providing multiple support for the rise in isobutyl alcohol prices. In the future, the price of raw material isobutyraldehyde may consolidate strongly, continuing to support the market of isobutanol. Downstream procurement was mainly on demand, and supply and demand support was still acceptable. It is expected that the isobutanol market will continue to operate strongly in the short term, and more attention should be paid to market news guidance.

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