1、 Price trend
| PVA |
It can be seen from the above figure that the market price of isobutyraldehyde in China rose slightly this week. This week, the average price of isobutyraldehyde in the mainstream domestic market rose from 7166.67 yuan / ton at the end of last week to 7733.33 yuan / ton at the end of this week, an increase of 7.91%. On September 4, the isobutyraldehyde commodity index was 39.76, which was the same as yesterday, down 62.34% from the highest point 105.58 in the cycle (September 16, 2021), and up 17.49% from the lowest point 33.84 on August 7, 2022. (Note: period refers to September 1, 2021 to now)
2、 Market analysis
This week, the quotation of isobutyraldehyde mainstream manufacturers increased slightly.
| PVA 1799 (PVA BF17) |
From the perspective of the upstream and downstream industrial chains, in the upstream raw material market of isobutyraldehyde, the propylene market rose slightly this week, with the price rising from 6920.60 yuan / ton at the end of last week to 7040.60 yuan / ton at the end of this week, an increase of 1.73%. The market price of upstream raw materials rose slightly, and the cost support was strengthened. Affected by the supply and demand side, it had a positive impact on the price of isobutyraldehyde. From the perspective of the downstream industrial chain, the market price of neopentyl glycol decreased slightly, with the price falling from 10000.00 yuan / ton at the end of last week to 9966.67 yuan / ton at the end of this week, a decrease of 0.33%. The market price of neopentyl glycol declined slightly, and the downstream demand weakened, which had a negative impact on isobutyraldehyde.
3、 Future forecast
In early September, the market trend of isobutyraldehyde mainly rose slightly. The upstream propylene market rose slightly, and cost support strengthened. The downstream neopentyl glycol market fell slightly, and the downstream purchasing enthusiasm weakened. Isobutyraldehyde analysts of business club believe that the isobutyraldehyde market may rise slightly due to the impact of supply and demand and raw materials in the short term.
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