According to the commodity analysis system of the business community, the market price of Isobutyraldehyde rose sharply in July. The market price of Isobutyraldehyde rose from 7000.00 yuan/ton at the beginning of the month to 7666.67 yuan/ton at the end of the month, up 9.52%. At the end of the month, prices increased by 5.50% year-on-year. On July 30, the Isobutyraldehyde commodity index was 38.75, unchanged from yesterday, down 63.30% from the cycle’s highest point of 105.58 (2021-09-16), and up 28.65% from the lowest point of 30.12 on October 7, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)

From the supply side, the price of domestic mainstream Isobutyraldehyde manufacturers rose sharply in July, and the inventory of manufacturers was average.

Upstream support is good, while downstream demand is average

From the cost side, the upstream propylene market of Isobutyraldehyde rose sharply in July. The price of propylene increased from 6518.25 yuan/ton at the beginning of the month to 6738.25 yuan/ton at the end of the month, an increase of 3.38%. At the end of the month, prices decreased by 7.93% year-on-year. The rising cost is well supported, which has a positive impact on the price of Isobutyraldehyde.

From the demand side, the downstream Neopentyl glycol market fluctuated and fell in July. The market price of Neopentyl glycol dropped from 9500.00 yuan/ton at the beginning of the month to 9350.00 yuan/ton at the end of the month, a decrease of 1.58%. The price at the end of the month decreased by 15.51% year-on-year. Downstream market declined slightly, and downstream manufacturers’ purchasing enthusiasm for Isobutyraldehyde weakened.

Small fluctuations and gains in the future market

The domestic Isobutyraldehyde market may rise slightly in the first ten days of August. The upstream propylene market has slightly increased, with good cost support. The downstream market of Neopentyl glycol has an upward trend at the end of the month. The downstream manufacturers are generally enthusiastic about purchasing Isobutyraldehyde, and the product trend is upward under the contradiction between supply and demand. Isobutyraldehyde analysts from the business agency believe that the domestic Isobutyraldehyde market may rise slightly due to the impact of supply and demand, raw materials and other aspects in the short term.