The price of isobutyraldehyde fluctuated and rose in April
According to the Commodity Market Analysis System of Shengyi Society, as of April 20th, the domestic price of isobutyraldehyde was 8466.67 yuan/ton, which stabilized after an increase of 5.39% compared to the price of 8033.33 yuan/ton on April 1st. In April, the equipment production of isobutyraldehyde enterprises slightly decreased, with a production rate of about 86%. The downstream neopentyl glycol market fluctuated and rose, leading to an increase in demand for isobutyraldehyde. The price of raw material propylene fluctuated and rose, supported by cost demand. After the price of isobutyraldehyde increased in April, it stabilized.
The production of isobutyraldehyde manufacturers has slightly decreased
The operating rate of isobutyraldehyde manufacturers decreased from 90% in March to around 86% in April. The production of isobutyraldehyde is sufficient, and the support for the rise of isobutyraldehyde still exists.
The price of raw material propylene fluctuates and rises
According to the Commodity Market Analysis System of Shengyi Society, as of April 20th, the price of propylene was 9057.67 yuan/ton, a fluctuating increase of 3.11% compared to the price of 8784.33 yuan/ton on April 1st. The propylene plant has started operating steadily, with a ceasefire between the United States and Iran, a decrease in crude oil prices, and a lack of momentum in propylene price increases. Propylene prices first rose and then fell, and the acceptance of high prices for propylene has increased. Cost support, the support of rising costs of isobutyraldehyde still exists.
Increased demand for isobutyraldehyde
The price of neopentyl glycol fluctuated and rose in April; The price of neopentyl glycol has risen, and the demand for isobutyraldehyde has increased. The support for the rise in isobutyraldehyde prices has increased.
Market Overview and Forecast
The analyst of the isobutyraldehyde industry at Shengyi Society believes that the ceasefire between the United States and Iran, the decline in crude oil prices, the decrease in costs, and the weakening of support for the rise in propylene prices; In terms of supply and demand, the production of isobutyraldehyde has decreased, and the supply of isobutyraldehyde has decreased; In terms of demand, the price of neopentyl glycol has risen, and the demand for isobutyraldehyde has increased, with greater support for the rise in isobutyraldehyde. In the future, cost increases are weak, coupled with reduced supply and increased demand for isobutyraldehyde. The support for isobutyraldehyde’s rise still exists, and it is expected that isobutyraldehyde prices will stabilize after rising in the future.
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