According to the monitoring of the business community, the market price of isobutyraldehyde fell first and then rose in March. The market price of isobutyraldehyde fell from 7500.00 yuan/ton on March 1 to 7100.00 yuan/ton on March 8, a decrease of 5.33%; Later, it rose to 7633.33 yuan/ton on March 31, an increase of 7.51%. The price at the end of the month decreased by 50.96% compared to the same period last year. On March 30th, the isobutyraldehyde commodity index was 38.75, unchanged from yesterday, a decrease of 63.30% from the cycle’s highest point of 105.58 points (2021-09-16), and an increase of 28.65% from the lowest point of 30.12 points on October 7th, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)

From the supply side perspective, the prices of mainstream domestic isobutyraldehyde manufacturers fell first and then increased in March, with average inventory levels among manufacturers.

Upstream support is average, while downstream demand weakens

From a cost perspective, the upstream propylene market for isobutyraldehyde fell first and then rose in March. The price of propylene dropped from 7522.60 yuan/ton on March 1 to 6948.60 yuan/ton on March 27, a decrease of 7.63%; Later, it rose to 7138.60 yuan/ton on March 31, an increase of 2.73%. The price at the end of the month decreased by 14.77% compared to the same period last year. Upstream cost support is average, with a slight increase in prices at the end of the month, which has a positive impact on the price of isobutyraldehyde.

From the demand side, the downstream market for neopentyl glycol first fell and then rose in March. The market price of neopentyl glycol fell from 11200.00 yuan/ton on March 1 to 10600.00 yuan/ton on March 15, a decrease of 5.36%; Later, it rose to 10666.67 yuan/ton on March 31, an increase of 0.63%. The price at the end of the month decreased by 39.85% compared to the same period last year. The downstream market has slightly declined, but prices have increased at the end of the month, and downstream manufacturers have increased their enthusiasm for purchasing isobutyraldehyde.

Small fluctuations and gains in the future market

In mid to early April, the domestic isobutyraldehyde market may experience slight fluctuations and gains. Upstream propylene prices slightly increased at the end of the month, with good cost support. At the end of the month, there is an upward trend in the downstream market for new pentanediol, and downstream manufacturers have increased their enthusiasm for purchasing isobutyraldehyde. Under the contradiction between supply and demand, the product trend is upward. Business Society isobutyraldehyde analysts believe that in the short term, the domestic isobutyraldehyde market may experience slight fluctuations and gains due to various factors such as supply and demand and raw materials.