The price of isobutyraldehyde rose in August
According to the commodity market analysis system, as of August 10th, the domestic isobutyraldehyde price was 7266.67 yuan/ton, a significant increase of 9.00% compared to the isobutyraldehyde price of 6666.67 yuan/ton on August 1st. The downstream market for neopentyl glycol has risen, supported by increased demand for isobutyraldehyde. The price of raw material propylene has stopped falling and risen, supported by rising costs and demand, resulting in a significant increase in isobutyraldehyde prices.
Raw material propylene prices stop falling and rise
According to the commodity market analysis system, the price of propylene on August 10th was 8161 yuan/ton, a decrease followed by an increase of 2.94% compared to the price of 7927.67 yuan/ton on August 1st; Compared to August 3rd, the price of propylene has increased by 7861 yuan/ton, with a growth rate of 3.82%. Recently, the US Iran confrontation has continued, with crude oil prices consolidating at high temperatures, which has been transmitted downstream. The price of propylene has stopped falling and risen, and the cost support of isobutyraldehyde has increased.
Downstream isobutyraldehyde demand support
In August, the price of neopentyl glycol rose significantly, and the demand for isobutyraldehyde increased.
Market Overview and Forecast
Analysts believe that propylene prices will stop falling and rise in August, while isobutyraldehyde costs will increase; In terms of demand, the price of neopentyl glycol has risen significantly, and the demand for isobutyraldehyde has increased. Overall, the rising cost of isobutyraldehyde is supported by demand, coupled with a decrease in isobutyraldehyde production, strong willingness of manufacturers to raise prices, a decrease in low-priced sources, and low inventory levels. It is expected that isobutyraldehyde prices will fluctuate and rise in the future.
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