Isobutyraldehyde prices fluctuate and rise
According to the Commodity Market Analysis System of Shengyi Society, as of February 5th, the domestic price of isobutyraldehyde was 6333.33 yuan/ton, a fluctuating increase of 9.83% compared to the January 1st price of 5766.67 yuan/ton; The price of isobutyraldehyde has significantly increased from 5750 yuan/ton on January 20th, with a growth rate of 10.14%. The price of propylene fluctuated and rose. In January, the equipment production of isobutyraldehyde enterprises increased to about 85%. Starting from the end of the month, the production of isobutyraldehyde manufacturers slightly decreased, inventory was low, and isobutyraldehyde supply was tight, resulting in a sharp rise in isobutyraldehyde prices.
The price of raw material propylene fluctuates and rises
According to the Commodity Market Analysis System of Shengyi Society, as of February 5th, the price of propylene was 6437.67 yuan/ton, a decrease followed by an increase of 0.26% compared to the price of 6421 yuan/ton on January 27th; The price of propylene has significantly increased by 12.59% from 5717.67 yuan/ton on January 1st. There are many maintenance tasks for the propylene plant, and the supply of propylene is temporarily tight, resulting in fluctuating propylene prices. Cost support, the increase in cost of isobutyraldehyde provides significant support.
Isobutyraldehyde manufacturers start production at a high level and fall back
The overall operating rate of isobutyraldehyde manufacturers is high, and in February, the operating rate of isobutyraldehyde manufacturers slightly decreased to around 83%. The production of isobutyraldehyde has decreased, and the support for the rise of isobutyraldehyde has increased.
Increased demand for isobutyraldehyde
The price of neopentyl glycol rose in February. On February 5th, Yantai Wanhua quoted 7650-7800 yuan/ton, which was a fluctuating increase compared to the quoted 7250-7400 yuan/ton on January 20th. The price of neopentyl glycol has risen, coupled with stocking up before the Spring Festival, the demand for isobutyraldehyde has increased in the short term, and the price of isobutyraldehyde has fluctuated and risen.
Market Overview and Forecast
The analyst of the isobutyraldehyde industry at Shengyi Society believes that in terms of cost, the price of raw material propylene has risen significantly, and the support for the increase in isobutyraldehyde costs has increased; In terms of supply and demand, the production of isobutyraldehyde has slightly decreased, the supply of isobutyraldehyde has tightened, and the upward momentum of isobutyraldehyde has increased; In terms of demand, the price of neopentyl glycol has increased, coupled with stocking before the Spring Festival, which has led to an increase in demand for isobutyraldehyde and increased support for its rise. In the future, with the significant increase in costs and the tightening of supply and demand for isobutyraldehyde, the support for isobutyraldehyde’s rise is increasing, and it is expected that isobutyraldehyde prices will fluctuate and rise in the future.
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