According to the Commodity Analysis System of Business Society, the market price of isobutyraldehyde significantly decreased in October. The market price of isobutyraldehyde decreased from 9000.00 yuan/ton at the beginning of the month to 8233.33 yuan/ton at the end of the month, a decrease of 8.52%, and the price at the end of the month increased by 24.75% year-on-year. On October 30th, the isobutyraldehyde commodity index was 42.13, a decrease of 0.68 points from yesterday, a decrease of 60.10% from the cycle’s highest point of 105.58 points (2021-09-16), and an increase of 39.87% from the lowest point of 30.12 points on October 7th, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)

From the supply side perspective, the prices of mainstream domestic isobutyraldehyde manufacturers significantly decreased in October, and the inventory of manufacturers was average.

Insufficient upstream support, average downstream demand

From a cost perspective, the upstream propylene market for isobutyraldehyde fluctuated and fell in October. The price of propylene decreased from 7270.75 yuan/ton at the beginning of the month to 7100.75 yuan/ton at the end of the month, a decrease of 2.34%. The price at the end of the month decreased by 0.50% year-on-year. Insufficient support for rising costs has a bearish impact on the price of isobutyraldehyde.

From the demand side, the downstream market for neopentyl glycol fluctuated and rose in October. The market price of neopentyl glycol has increased from 10450.00 yuan/ton at the beginning of the month to 10600.00 yuan/ton at the end of the month, an increase of 1.44%. At the end of the month, prices increased by 5.30% year-on-year. The downstream market has slightly increased, and downstream manufacturers have increased their enthusiasm for purchasing isobutyraldehyde.

Small fluctuation and decline in the future market

In mid to early November, the domestic isobutyraldehyde market may experience a slight fluctuation and decline. Although the downstream market for neopentyl glycol has slightly increased and downstream manufacturers have increased their enthusiasm for purchasing isobutyraldehyde, the upstream propylene market has slightly declined and cost support is insufficient. Under the contradiction between supply and demand, the product trend is declining. Business Society isobutyraldehyde analysts believe that in the short term, the domestic isobutyraldehyde market may experience slight fluctuations and declines due to various factors such as supply and demand and raw materials.