The price of isobutyraldehyde has risen
As of July 9th, the domestic price of isobutyraldehyde was 6666.67 yuan/ton, a rebound increase of 1.52% compared to the price of isobutyraldehyde on July 1st, which was 6566.67 yuan/ton. The downstream market for neopentyl glycol has risen, supported by demand for isobutyraldehyde. The price of raw material propylene has also increased, supported by rising costs and demand. As a result, isobutyraldehyde prices have bottomed out and risen.
The price of raw material propylene fluctuates and rises
On July 9th, the propylene price was 7921 yuan/ton, a decrease followed by an increase of 1.41% compared to the propylene price of 7811 yuan/ton on July 1st; Compared to July 6th, the price of propylene fluctuated and increased by 7647.67 yuan/ton, with a rise of 3.57%. The United States has tightened sanctions on Iranian oil, intensified the shipping safety crisis in the Strait of Hormuz, escalated the US Iran confrontation, and crude oil prices have risen in response, which has been transmitted downstream. The price of propylene has rebounded and risen, and the cost support of isobutyraldehyde has increased.
Isobutyraldehyde demand support
In July, the price of neopentyl glycol rose, and the price of neopentyl glycol stopped falling and rose. The weak demand for isobutyraldehyde eased, and the support for the rise of isobutyraldehyde still exists.
Market Overview and Forecast
Analysts believe that in July, the price of propylene stopped falling and rose, while the cost of isobutyraldehyde increased; In terms of demand, the price of neopentyl glycol has stopped falling and risen, while the weak demand for isobutyraldehyde has eased. Overall, the weak demand for the rising cost of isobutyraldehyde has eased, coupled with a strong willingness to raise prices. The expected price of isobutyraldehyde is expected to rise, but downstream support for upward movement is insufficient, and the upward space for isobutyraldehyde is limited. It is expected that the price of isobutyraldehyde will fluctuate slightly in the future.
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