Isobutyraldehyde dropped by 4600 yuan in two days! !

After experiencing the extreme rise in the previous period, Isobutyraldehyde pulled back sharply in two days over the weekend.

On Saturday (May 22), the market price of isobutyraldehyde was 17,600 CNY/ton, a decrease of 2,000 yuan per ton from Friday! Isobutyraldehyde continued to fall wildly by 2,600 yuan per ton on Sunday. In just two days, isobutyraldehyde fell by 4600 yuan per ton in total, a drop of 23.47%! !

On May 24 (Monday), the market price of isobutyraldehyde remained at 15,000 CNY/ton.

In fact, since 2021, isobutyraldehyde has continued to rise as if it was opened, which has frequently refreshed the industry's knowledge. As of mid-May, the price of isobutyraldehyde has broken through to 21,000 CNY/ton, an increase of 255.93% from the price of 5,900 CNY/ton for isobutyraldehyde on January 19, 2021! !

It can be seen that although isobutyraldehyde has begun to pull back and the decline is amazing, the price of isobutyraldehyde is still higher than the previous low.

Why is the price of isobutyraldehyde so high? According to Wanhua Chemical, a leading chemical company, the main reason for the continuous surge in isobutyraldehyde is the decrease in market supply and the obvious gap. The specific reasons and gaps in supply reduction are as follows:
1) A major factory in Shandong has equipment failure and load reduction;
2) The profit of isobutanol is significantly better than that of isobutyraldehyde, and some plants are converted to isobutanol.
Another professional pointed out that the centralized maintenance of the isobutyraldehyde plant in May and the strong demand support from the downstream neopentyl and alcohol ester industries are also the main reasons why isobutyraldehyde keeps breaking new historical high records.
"Some time ago, when the price of isobutyraldehyde was particularly high, many people participated in the price bidding on the online mall. This in turn boosted the price of isobutyraldehyde," said the person above.

According to data, isobutyraldehyde, which cannot be stopped recently, stimulates the rise of neopentyl glycol downstream all the time. As a result, the external quotations of neopentyl glycol manufacturers appeared to be valid for only half a day, and the price in the morning rose again in the afternoon. When the highest price of isobutyraldehyde was 21,000 CNY/ton, the highest offer of the neopentyl glycol plant reached 22,000 CNY/ton.

Even so, according to neopentyl glycol manufacturers, although the price has been rising, the profit of neopentyl glycol is not high. On several occasions, the order was just received. A few days later, due to the increase in the price of isobutyraldehyde, it became a loss when the production was delivered.

On May 24, the market price of neopentyl glycol (hydrogenated) was 18,700-19,500 CNY/ton, a decrease of 1,400 yuan per ton. Lower prices are also heard. More neopentyl glycol plants are temporarily not quoting.

to sum up:
According to the law of previous years, as the weather gradually turns hot, the terminal industry of neopentyl glycol and alcohol esters downstream of isobutyraldehyde is expected to gradually enter the off-season, when the tension of isobutyraldehyde is expected to be partially alleviated.