1、 Price trend
| PVA 2088 (PVA BP20) |
As can be seen from the above figure, the domestic isobutyraldehyde market price fluctuated and rose this week. This week, the average price of isobutyraldehyde in the mainstream domestic market rose from 7266.67 yuan/ton at the end of last week to 7333.33 yuan/ton at the end of this week, an increase of 0.92%. Compared to the same period last year, the year-on-year decrease was 40.05%. The isobutyraldehyde commodity index on March 19 was 37.73, unchanged from yesterday, down 64.26% from the cycle’s highest point of 105.58 points (2021-09-16), and up 25.27% from the lowest point of 30.12 points on October 7, 2022. (Note: The cycle refers to the period from September 1, 2021 to now)
2、 Market analysis
The quotations of mainstream isobutyraldehyde manufacturers rose and fell among each other this week.
| POLYVINYL ALCOHOL |
From the perspective of the upstream and downstream industrial chain, the propylene market in the upstream raw material market for isobutyraldehyde declined slightly this week, with the price falling from 7464.60 yuan/ton at the end of last week to 7300.60 yuan/ton at the end of this week, a decrease of 2.20%. A year-on-year decrease of 11.69% compared to the same period last year. The price of upstream raw materials in the market fell slightly, resulting in insufficient cost support. Affected by the supply and demand side, it had a negative impact on the price of isobutyraldehyde. From the perspective of the downstream industry chain, the market price of neopentyl glycol decreased slightly, with the market price falling from 10866.67 yuan/ton at the end of last week to 10600.00 yuan/ton at the end of this week, a decrease of 2.45%. The market price of neopentyl glycol declined slightly, and downstream demand weakened, which had a negative impact on isobutyraldehyde.
3、 Future prospects
The market trend of isobutyraldehyde in late March may be dominated by fluctuations and declines. The upstream propylene market fell slightly over the weekend, with insufficient cost support. Downstream neopentyl glycol market has a downward trend, and downstream procurement enthusiasm has weakened. The isobutyraldehyde analyst from the Business Agency believes that in the short-term isobutyraldehyde market, due to the impact of multiple factors such as supply and demand and raw materials, the isobutyraldehyde market may suffer from minor fluctuations and declines.
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