Recent domestic isobutyraldehyde price trend

As can be seen from the figure above, the market price of isobutyraldehyde rose sharply in October, from 5933.33 yuan/ton at the beginning of the month to 6600.00 yuan/ton at the end of the month, an increase of 11.24%.

On October 30, the isobutyraldehyde commodity index was 35.36, unchanged from yesterday, down 66.51% from the cycle’s highest point of 105.58 (2021-09-16), and up 17.40% from the lowest point of 30.12 on October 7, 2022. (Note: the cycle refers to 2021-09-01 to now). From the weekly histogram of isobutyraldehyde, the overall isobutyraldehyde rose first and then fell in October, with a maximum weekly increase of 10.11%.

Domestic isobutyraldehyde market in October

From the manufacturer’s quotation, the price of domestic mainstream isobutyraldehyde manufacturers rose slightly in October, and the manufacturer’s inventory was average.

The upstream support is weakened, and the downstream demand is general

From the perspective of the upstream and downstream industrial chain of isobutyraldehyde, the upstream propylene market of isobutyraldehyde declined slightly in October. The price of propylene fell from 7620.60 yuan/ton at the beginning of the month to 7136.60 yuan/ton at the end of the month, a decline of 6.35%. A year-on-year decrease of 10.24%. The weakening of upstream cost support has a negative impact on isobutyraldehyde price.

Downstream neopentyl glycol market fluctuated in a narrow range in October. The price of neopentyl glycol fluctuated around 10066.67 yuan/ton. The downstream market fluctuated in a narrow range, and the downstream manufacturers were generally enthusiastic about purchasing isobutyraldehyde.

The market fell slightly after shocks

In the first half of November, the domestic isobutyraldehyde market may slightly fluctuate and decline. Upstream propylene prices fell slightly, and cost support weakened. However, there is a downward trend in the market of neopentyl glycol in the downstream. Downstream factories are less active in purchasing isobutyraldehyde, and the product trend is downward under the contradiction between supply and demand. The isobutyraldehyde analysts from the business community believe that the domestic isobutyraldehyde market may suffer a slight shock and decline in the short term under the influence of supply and demand, raw materials and other aspects.