According to the Commodity Analysis System of Business Society, the market price of isobutyraldehyde fluctuated and fell in November. The market price of isobutyraldehyde decreased from 8100.00 yuan/ton at the beginning of the month to 7300.00 yuan/ton at the end of the month, a decrease of 9.88%, and the price at the end of the month increased by 17.11% year-on-year. On November 29th, the isobutyraldehyde commodity index was 37.06, a decrease of 0.17 points from yesterday, a decrease of 64.90% from the highest point in the cycle of 105.58 points (2021-09-16), and an increase of 23.04% 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)

From the supply side perspective, mainstream domestic manufacturers of isobutyraldehyde saw a significant drop in prices in November, and their inventory levels were average.

Upstream support is average, downstream demand weakens

From a cost perspective, the upstream propylene market for isobutyraldehyde rose first and then fell in November. The price of propylene first increased from 7050.75 yuan/ton at the beginning of the month to 7370.75 yuan/ton on November 8th, an increase of 4.54%, and then dropped to 7105.75 yuan/ton at the end of the month, a decrease of 3.60%. In November, the overall price of isobutyraldehyde increased by 0.78%, with a year-on-year decrease of 7.12% at the end of the month. The average upstream cost support has a bearish impact on the price of isobutyraldehyde.

From the demand side, the market situation for downstream neopentyl glycol slightly declined in November. The market price of neopentyl glycol has dropped from 10525.00 yuan/ton at the beginning of the month to 9725.00 yuan/ton at the end of the month, a decrease of 7.60%. At the end of the month, prices increased by 8.64% year-on-year. The downstream market has slightly declined, and downstream manufacturers have weakened their enthusiasm for purchasing isobutyraldehyde.

Slight fluctuation and decline in the future market

In mid to early December, the domestic isobutyraldehyde market may experience a slight fluctuation and decline. The downstream market for new pentanediol has significantly declined, and downstream manufacturers have weakened their purchasing enthusiasm for isobutyraldehyde. The upstream propylene market has risen first and then fallen, with average cost support. The product trend is declining under the contradiction of supply and demand. Business Society’s isobutyraldehyde analysts believe that in the short term, the domestic isobutyraldehyde market may experience slight fluctuations and declines due to various factors such as supply and demand and raw materials.