As can be seen from the above figure, the market price of isobutyraldehyde fell in February, from 8,266.67 RMB/ton at the beginning of the month to 7,500.00 RMB/ton at the end of the month, a drop of 9.27%. Compared with the same period last year, it fell 46.17% year-on-year.
The isobutyraldehyde commodity index on February 27 was 38.07 points, up 2.2 points from the previous day, down 63.94% from the cycle's highest point of 105.58 points (2021-09-16), and up 26.39% from the lowest point of 30.12 points on October 7, 2022. (Note: the period refers to the period from September 1, 2021 to now).
From the manufacturer's quotation, the price of isobutyraldehyde from the mainstream domestic isobutyraldehyde manufacturers rose first and then fell in February, and the manufacturer's inventory was average. Lihuayi isobutyraldehyde quoted 7,200 RMB/ton at the end of the month, down 1,000 RMB/ton from the beginning of the month; The offer of Luxi Chemical’s isobutyraldehyde distributed by Shandong Zhenkun at the end of the month was 7,600 RMB/ton, down 600 RMB/ton from the beginning of the month; Hualu Hengsheng isobutyraldehyde quoted 7,700 RMB/ton at the end of the month, down 700 RMB/ton from the beginning of the month.
Insufficient upstream support and good downstream demand
From the perspective of the upstream and downstream industrial chain of isobutyraldehyde, the market of propylene in the upstream of isobutyraldehyde in February experienced ups and downs. The price of propylene dropped by 0.80% from 7,530.75 RMB/ton at the beginning of the month to 7,470.60 RMB/ton at the end of the month. Compared with the same period last year, it fell 10.80% year-on-year. The upstream cost support was general, which had a negative impact on the price of isobutyraldehyde.
The market price of downstream neopentyl glycol rose sharply in February. The price of neopentyl glycol rose from 9,500.00 RMB/ton at the beginning of the month to 11,033.33 RMB/ton at the end of the month, up 16.14%. The downstream market rose sharply, and the downstream manufacturers' enthusiasm for isobutyraldehyde procurement increased.
The domestic isobutyraldehyde market in the middle and early of March may rise slightly in shock. The price of upstream propylene rose slightly at the end of the month, and the cost support increased. The market of neopentyl glycol in the downstream market was high and consolidated. The downstream manufacturers were more active in purchasing isobutyraldehyde, and the product trend was upward under the contradiction between supply and demand. The isobutyraldehyde analyst of SunSirs believes that the domestic isobutyraldehyde market may rise slightly in shock due to the impact of supply and demand and raw materials in the short term.