1、 Price trend

According to the monitoring data of business society, the price of soda ash was adjusted and operated this week. The average market price of light soda ash from the beginning of the week to the end of the week was about 2612.5 yuan / ton, an increase of 50.49% over the same period last year. On March 17, the commodity index of light soda ash was 133.97, the same as yesterday, down 29.15% from the highest point of 189.10 in the cycle (2021-11-07), and up 112.15% from the lowest point of 63.15 on November 18, 2015. (Note: the period refers to the period from September 1, 2011 to now)

2、 Market analysis

According to the monitoring data of business agency, the price of soda ash has been stable for the time being this week. The mainstream market price of light soda ash in East China is about 2600-2700 yuan / ton. The price of soda ash in North China is temporarily stable, and the current market price of light soda ash is about 2650-2800 yuan / ton. Data show that the overall operating rate of soda ash this week was 89.75%, the output of soda ash was 589200 tons, and the output of soda ash increased slightly.

Demand: according to the monitoring of business society, the glass price decreased this week. The average price of glass on Monday was 26.15 yuan / m2, and the average price at the weekend was 25.44 yuan / m2. The price decreased during the week, with a range of 2.72%. The glass spot market operated weakly and stably. In Shahe, North China, traders mainly ship flexibly, and downstream processing plants replenish goods on demand, which hinders the logistics in some areas. The overall production and sales of the market in East China weakened, mainly on the sidelines, with the transaction focus down. The overall production and sales in Central China are general, and the glass market price maintains stable operation. South China’s glass spot market operates steadily, with more wait-and-see in the downstream and just in need of procurement.

According to the price monitoring of the business society, in the list of price rise and fall of chlor alkali industry in the 10th week of 2022 (3.7-3.11), there were 3 kinds of commodities rising, 1 kind of commodity falling and 1 kind of commodity rising or falling to 0. The main commodities rising are: hydrochloric acid (7.91%), calcium carbide (3.16%), PVC (3.07%); The main commodities falling were caustic soda (- 1.18%). Both rose or fell by 2.59% this week.

Business analysts believe that soda ash market is stable and small, and market transactions have weakened. The trading atmosphere in the market is general, and the downstream purchases more on demand, which is resistant to high priced soda ash. The downstream procurement is cautious. It is comprehensively expected that the soda ash consolidation market will operate according to the downstream market demand.

According to the monitoring data of business agency, from March 11 to 18, the average market price of cyclohexanone in China fell from 11666 yuan / ton to 11200 yuan / ton, a decrease of 4.00% in the week, a month on month decrease of 6.93% and a year-on-year increase of 11.63%.

Domestic cyclohexanone fell weakly this week. Crude oil and pure benzene fell. Sinopec’s listing of pure benzene lowered 700 yuan / ton to 8200 yuan / ton twice. The cost side was negative, and the downstream demand was sluggish. Coupled with the impact of epidemic logistics and transportation, the shipment of cyclohexanone was blocked. Manufacturers actively reduced prices and the focus of transaction decreased.

Summary of domestic cyclohexanone market as of March 18:

region ., Price

East China ., 11400-11500 yuan / ton, cash delivery of the whole vehicle

South China ., 11600-11700 yuan / ton cash delivery

Shandong region ., Detailed discussion of 11100-11200 yuan / ton

Raw material pure benzene: the price of pure benzene in East China fell, and crude oil was the main factor affecting the price.

Comparison chart of price trend of pure benzene (upstream raw material) and cyclohexanone in business agency:

Downstream caprolactam: the caprolactam market fell sharply in the week. Crude oil and pure benzene prices fell broadly, cost support collapsed, and caprolactam market fell. In addition, due to the recent epidemic control in some areas, transportation and demand have been affected to some extent, the mentality in the field is empty, and the downstream procurement atmosphere has weakened. Caprolactam enterprises cut prices, and the price focus fell sharply.

Comparison chart of price trend of cyclohexanone and caprolactam (downstream products) in business society:

The supply and demand of cyclohexanone is weak, but the cost has a great impact. The cyclohexanone analyst of business society expects that the cyclohexanone market will be sideways consolidated in the short term.

1、 Price trend

According to the monitoring data of business agency, the average ex factory price of domestic chlorinated paraffin 52 was 6575 yuan / ton on March 7 and 6600 yuan / ton on March 18. The price of chlorinated paraffin 52 increased by 0.38% this week.

2、 Market analysis

This week, the regional difference of chlorinated paraffin 52 price is obvious, and the price rises and falls. Affected by the epidemic situation, the demand for chlorinated paraffin is weak and the downstream operating rate is reduced. The price of chlorinated paraffin in Henan and Shandong decreased, and the market in other regions was stable. As of March 18, the ex factory quotation of chlorinated paraffin 52 in Anhui is about 6800 yuan / ton, that in Shaanxi is about 6800 yuan / ton, that in Northeast is about 6700 yuan / ton, and that in Shandong is about 6100 yuan / ton.

The trend of international crude oil fluctuated this week, with prices rising and falling. On March 17, the price of international crude oil futures rose sharply. The settlement price of the main contract of WTI crude oil futures in the United States was US $102.98/barrel, up US $7.94 or 8.35%; The settlement price of the main contract of Brent crude oil futures was US $106.64/barrel, up US $8.62 or 8.79%. Oil prices rebounded sharply after falling continuously.

In terms of raw liquid wax, the price of liquid wax rose and fell this week, with stable shipment and general trading volume. Downstream manufacturers mainly wait and see. In terms of raw liquid chlorine, the transportation of liquid chlorine was blocked due to the epidemic this week, and the price decreased steadily. At present, the demand for chlorinated paraffin is weak, and the operating rate of enterprises is reduced.

3、 Future forecast

The chlorinated paraffin analyst of business society believes that at present, the cost support of chlorinated paraffin is weakened, the demand side is weak, and the chlorinated paraffin market is weaker. The epidemic broke out in many places in China, and the transportation was affected to a certain extent. It is expected that the chlorinated paraffin market will be dominated by consolidation and operation in the short term.

According to the monitoring of the business agency, the price index of the domestic rare earth market continued to decline. Recently, the rare earth market fell slightly. Recently, the price of some domestic praseodymium neodymium series fell, and the price of the heavy rare earth market fell slightly. On March 20, the rare earth index was 950 points, unchanged from yesterday, down 5.66% from the highest point 1007 in the cycle (2022-02-24), and up 250.55% from the lowest point 271 on September 13, 2015. (Note: the period refers to the period from December 1, 2011 to now).

Recently, the domestic light rare earth market price has continued to decline, and the price of mainstream praseodymium neodymium in the rare earth market has mainly declined. In terms of products:

It can be clearly seen from the product price trend chart that the price trend of domestic neodymium oxide, praseodymium oxide, metal neodymium, metal praseodymium, praseodymium neodymium alloy and praseodymium neodymium oxide declined slightly. As of the 21st, the price of neodymium oxide in domestic rare earths was 1.12 million yuan / ton, down 3.45% this week; The price of neodymium was 1.38 million yuan / ton, down 2.82% this week; The price of praseodymium oxide was 1.055 million yuan / ton, down 1.86% this week; The price of praseodymium neodymium oxide was 1025000 yuan / ton, down 2.84% this week; The price of praseodymium neodymium alloy was 1.25 million yuan / ton, with a decline of 6.02% this week; The price of metal praseodymium was 1.365 million yuan / ton, which fell by 1.80% this week, and the trend of domestic rare earth market continued to fall.

The domestic rare earth market price continued to decline, the on-site supply gap remained, the metal plant started normally and the demand remained stable, but the downstream manufacturers had sufficient inventory and the inquiry was very cold, resulting in the decline of the market price trend. Recently, some separation enterprises have started gradually, so the contradiction between supply and demand has been alleviated slightly. The price trend in the field is mainly declining, the downstream demand is normal, and the supply and demand gap in the rare earth field still exists. There is a game between the upstream and downstream, the mainstream price of rare earth is weak as a whole, and the market wait-and-see mood is strong. The rapid development of the new energy industry has driven the development of many industries. The upstream material rare earth permanent magnet has also caught the “express”. In addition, the sales of new energy vehicles are normal, and the demand for rare earth is OK. However, the inventory of downstream manufacturers is high, the price inquiry of rare earth oxide is poor, and the market has fallen. Recently, the wait-and-see mood in the downstream has increased, and the price trend in the venue has continued to decline.

The national environmental protection supervision is still continuing, and the peak season of traditional demand for rare earth has come to an end. However, the launch of relevant policies of the rare earth industry on the site is expected, the supply and demand is expected to resonate with the policies, and the rare earth market is still maintained. In addition, the inventory of neodymium praseodymium oxide has been at a low level, and the decline of price trend is limited. According to statistics, the demand for new energy vehicles has increased. According to the data released by China Automobile Industry Association, in February 2022, China’s automobile production and sales reached 1.813 million and 1.737 million respectively, down 25.2% and 31.4% month on month, with a year-on-year increase of 20.6% and 18.7%. The automobile production and sales showed a steady and slight growth. Driven by the dual drive of market and policy, the demand market for vehicle regulated semiconductors broke out in an all-round way, and the demand in the field of new energy has been high recently, The domestic light rare earth market demand has been supported to a certain extent. Affected by the inactive purchase, the price trend of domestic heavy rare earth market declined slightly.

As can be seen from the trend chart, the price trend of domestic dysprosium series has declined. As of the 21st, the price of dysprosium oxide was 2.905 million yuan / ton, down 3.97% this week, the price of dysprosium ferroalloy was 2.915 million yuan / ton, down 3.16%, the price of metal dysprosium was 3.875 million yuan / ton, down 1.27% this week, the price of domestic terbium series has declined, the price of domestic terbium oxide was 14 million yuan / ton, and the price of metal terbium was 18.25 million yuan / ton. The price trend of heavy rare earth dropped, the transaction market of domestic rare earth market was acceptable, and the procurement of leading magnetic material factory was not active, which cooled the domestic heavy rare earth market slightly. Recently, some separation enterprises in the areas where medium and heavy rare earth mines are used, such as Jiangxi, Hunan, Guangdong and Guangxi, have restarted, and the supply has been alleviated to some extent. However, Myanmar’s export is limited, and the global rare earth supply is relatively concentrated. Myanmar is one of the production areas second only to China and the United States. Myanmar has a great impact on products in the domestic heavy rare earth market. Recently, the on-site procurement is not active, and the on-site heavy rare earth price trend has declined.

In addition, with the support of national policies, the first batch of Rare Earth total amount control indicators in 2022 meet the expectations, and the industry pattern continues to be optimized. The Ministry of industry and information technology and the Ministry of natural resources issued the first batch of Rare Earth total amount control indicators in 2022, of which the mining indicators and smelting separation indicators are 100800 tons and 97200 tons respectively. The increase of the index is in line with expectations, and the state is still relatively restrained in releasing the rare earth supply index. The first batch of ore indicators / smelting separation indicators in 2022 are + 20% year-on-year, and the growth rate is lower than that of the first batch in 2021 (year-on-year + 27.3% / 27.6%). It is expected that the overall supply and demand of rare earth will remain tight in 22 years. The index increment is still focused on light rare earths. Among the mining indicators in 2022, the rock ore type rare earth (mainly light rare earth) is 89310 tons, with a year-on-year increase of + 23.2%, and the ionic rare earth is 11490 tons, with a year-on-year balance. It is expected that the increment will be concentrated in light rare earth, which will be a long-term trend. The rise in foreign demand has led to some support for the domestic rare earth market. On the whole, the inquiry list in the market is cold, and the domestic rare earth market has cooled down.

With the sustainable development of new energy vehicles, wind power and variable frequency air conditioning in the downstream of rare earth, the demand has been supported to a certain extent. In addition, the domestic rare earth supply is still tight. Recently, the on-site transaction market has dropped, and the supply enterprises will continue to restart in the later stage. Chen Ling, a business social analyst, predicts that the market price of rare earth may continue to fall in the later stage.

Domestic p-xylene price trend:

It can be seen from the p-xylene trend chart that the market price trend of p-xylene fell this week. As of the weekend, the domestic ex factory price of p-xylene was 9300 yuan / ton, down 2.11% from the price of 9500 yuan / ton at the beginning of the week, up 38.81% year-on-year.

Recently, the domestic p-xylene supply is normal, the domestic PX operating rate is about 70%, the 600000 ton unit of Sinochem Hongrun Petrochemical operates stably, the Yangzi petrochemical unit operates stably, the Pengzhou petrochemical unit operates stably, the Yangzi Petrochemical PX unit operates normally, the Jinling Petrochemical unit operates stably, the Qingdao Lidong unit operates at full load, the Qilu petrochemical unit operates stably, and the Urumqi petrochemical unit starts at about 50%, Domestic p-xylene supply is relatively normal, but some overseas units are still under maintenance. Due to the decline of crude oil price this week, the price trend of domestic p-xylene has declined. Driven by the decline in the closing price of international crude oil, the price trend of PX outside the market fell. As of the 17th, the closing prices in Asia were US $1116-1118 / ton FOB Korea and US $1134-1136 / ton CFR China. Recently, the operating rate of PX units in Asia has been relatively stable. On the whole, the operating rate of p-xylene installation in Asia is more than 60%. The supply of PX goods in Asia is normal, the closing price of PX outside the market fell sharply, and the price trend of domestic p-xylene market fell.

Crude oil prices fell as a whole this week, and international crude oil futures prices rose sharply. The settlement price of the main contract of WTI crude oil futures in the United States was US $102.98/barrel, and the settlement price of the main contract of Brent crude oil futures was US $106.64/barrel. The oil price rebounded sharply after continuous decline. The main reason is that the market focus is back to Russia, and the supply shortage is expected to rise due to the impact of sanctions. Earlier, the International Energy Agency (IEA) said that the sanctions will prevent Russia’s supply of 3 million barrels / day from entering the market from April. In addition, the Federal Reserve’s interest rate hike boots landed, in line with market expectations. Previously, the bearish was exhausted, and the prices of risky assets such as crude oil and stock market rose. Although the closing price rose sharply on Thursday, the trend of international oil prices fell on the whole this week. Overall, the domestic market price of p-xylene declined slightly due to the decline of crude oil price.

The downstream PTA market price fell first and then rose this week. As of the 18th, the average PTA market price was 6000-6100 yuan / ton. On the whole, the PTA price fell by 1.03% this week. At present, the PTA market price trend is mainly affected by the trend of crude oil. The crude oil price first falls and then rises, and the PTA market price first falls and then rises with the crude oil. Up to now, the operating rate of PTA industry is about 74.5%, the processing fee is historically low, and the maintenance of PTA plants is increasing. The downstream polyester is under high construction, but the demand is not strong, and the inventory is overstocked. The quotation of mainstream polyester factories in Jiangsu and Zhejiang is flat, the wait-and-see mood in the terminal textile market is strong, the procurement is mainly cautious, and the domestic p-xylene market price has declined slightly.

Chen Ling, PX analyst of business society, believes that the current crude oil price is still supported, but the supporting role of the cost side is still there, and the downstream demand recovers slowly, but the PTA price trend declines slightly, and the overall demand side is still supported. It is expected that the price trend of p-xylene market will be stable in the later period.

From March 10 to March 17, 2022, the bidding price of crude benzene decreased from 7425 yuan / ton last weekend to 6491 yuan / ton this weekend, with a weekly decrease of 12.58%.

On March 16, the price of international crude oil futures continued to fall. The settlement price of the main contract of WTI crude oil futures in the United States was US $95.04/barrel, down US $1.4 or 1.5%; The settlement price of the main contract of Brent crude oil futures was US $98.02/barrel, down US $1.89 or 1.9%. The data released by the US Energy Information Administration (EIA) on Wednesday showed that US crude oil inventories rose for the first time in three weeks, and the market was worried that high oil prices would suppress demand.

Summary of price adjustment of Sinopec pure benzene (unit: yuan / ton)

Date, Adjusted price, Adjustment amount

March 3, 8200.,+300

March 4, 8500.,+300

March 7, 8750.,+250

March 9, 8900.,+150

March 14, 8600.,-300

March 16, 8200.,-400

The price of 8200 yuan / ton of pure benzene was listed on February 16, 2023, and the price of 8200 yuan / ton of pure benzene was lowered by SINOPEC.

Other enterprises: Jincheng Petrochemical offers 7800 yuan / ton, Weilian chemical offers 8003 yuan / ton, Xinhai Petrochemical offers 8200 yuan / ton, and Hongrun Petrochemical offers 8250 yuan / ton.

As can be seen from the above ex factory price adjustment table of Sinopec pure benzene in March 2022, the cycle of price rise of pure benzene driven by crude oil has completely ended, and the price of pure benzene has fallen back to the price at the beginning of March, while the price of crude benzene, which is greatly affected by the fluctuation of pure benzene, also returned to the level at the beginning of March after the introduction of the bidding price this week, and the increase brought by the rise of crude oil has basically dropped.

The trend of crude oil has always been one of the more important factors affecting the pure benzene industrial chain, and the trend of hydrogenated benzene, crude benzene and other products in the industrial chain are greatly affected by crude oil. The current round of increase has basically ended after pure benzene fell back to the origin, and the impact on the market is relatively uncertain at present. In terms of supply and demand, the downstream hydrobenzene enterprises are currently operating stably, and the demand for crude benzene is OK. However, after four rounds of increase in coke, the profits of coking enterprises are OK, and their enthusiasm for operation has also been improved to a certain extent. The supply of crude benzene is relatively stable, and the enterprises are actively shipping. This week, after Sinopec lowered the ex factory price for two consecutive rounds, the bidding price of crude benzene decreased significantly. In Shandong, it was 6650-6655 yuan / ton, down 850 yuan / ton from last week.

In the future market, the business society believes that crude oil continues to decline broadly, Asian pure benzene in the external market follows the weakness, and the cost support weakens; Superimposed on the impact of public health events in many places in China, transportation is limited, factory shipments are blocked, and the focus continues to decline. In the future, we will focus on the downstream trend and the impact of the external price of crude oil and pure benzene on the market mentality.

1、 Price trend

According to the price monitoring of business agency, on March 11, the average price of salicylic acid (industrial grade) mainstream manufacturers was 17000 yuan / ton, which was the same as that at the beginning of the week and the same as that at the beginning of the month. Compared with the same period last year, the price increased by 17.51%.

2、 Market analysis

The price of salicylic acid was strong this week, and the pricing of enterprises was basically unchanged. The price of raw phenol rose slightly, the cost support was strong, the replenishment intention of downstream factories and traders was revealed, followed up on demand, the market trading was stable, the salicylic acid market continued to maintain a stable trend, and there was a certain space for negotiation. By the end of the weekend, according to the data of business agency, the market offer of raw phenol was 11000-11250 yuan / ton, the quotation of domestic salicylic acid industrial enterprises was mostly in the range of 14000-19000 yuan / ton, the quotation of pharmaceutical grade was mostly in the range of 24000-27000 yuan / ton, and the quotation of sublimation grade was mostly in the range of 20000-23000 yuan / ton.

In terms of raw materials, since March, the domestic phenol market has focused on the main actors, mainly supported by the favorable cost side. According to the monitoring data of business agency, the average offer of domestic phenol market was 10812 yuan / ton on March 1, and 11175 yuan / ton on March 11, up 3.35%. As of March 11, the offer of East China market was about 11250 yuan / ton, that of South China was 11300 yuan / ton, and that of North China and surrounding areas of Shandong was about 11100 yuan / ton.

3、 Future forecast

The salicylic acid analyst of business agency believes that at present, the negotiation focus of the raw material market is upward and the cost support is strengthened. However, considering the downstream receiving state, the salicylic acid market continues to maintain a stable trend and is not expected to fluctuate greatly in the short term.

Summary of spot price trend of precious metals

According to the data of business agency, on March 11, the average price of silver market in early trading was 5133 yuan / kg, with a daily increase of 0.52%, which was 4.15% higher than the average price of 4928.33 yuan / kg in spot market at the beginning of the month (March 1); Compared with the early morning average price of 4770 yuan / kg in the spot market price at the beginning of the year (January 1), an increase of 7.61%.

On March 11, the spot market price of gold was 404.84 yuan / g, up 0.25% on a daily basis, up 4.53% from the early average price of 387.29 yuan / g in the spot market at the beginning of the month (March 1); Compared with the spot market price at the beginning of the year (January 1), the early average price was 372.37 yuan / kg, an increase of 8.72%.

Comparison of price trends of precious metal gold and silver in recent 1 year

In the long term, the price trend of precious metals has a good convergence, and the long-term trend is basically the same. Today, the price deviates.

Price trend of precious metals and crude oil

List of policies

Domestic:

According to the preliminary statistics of the Central Bank of China, the stock of social financing scale at the end of February 2022 was 321.12 trillion yuan, a year-on-year increase of 10.2%. Among them, the balance of RMB loans to the real economy was 196.62 trillion yuan, a year-on-year increase of 11.2%.

Overseas:

The European Central Bank kept interest rates unchanged, real yields in the eurozone rose sharply, and the yield of Italian 10-year inflation linked bonds rose nearly 40 basis points to – 0.58%.

The Central Bank of Hungary raised the one week deposit rate by 50 basis points to 5.85% (previously expected to increase to 6%). The Central Bank of Hungary raised the mortgage interest rate from 5.4% to 6.4%

The Central Bank of Pakistan maintained its key interest rate at 9.75%.

The main reason for the good market of precious metals in March

Recently, the Ukrainian Russian conflict has led to an increase in risk aversion of international capital and pushed the price of noble metals.

Future forecast

In the long run, the monetary easing policy is gradually ebbing, and the expectation of interest rate hike suppresses the continuous rise of precious metal prices. The upper limit of precious metals is high in the short term, but it is possible to continue to rush.

The spot tin market price (3.4-3.11) fluctuated this week. The average price in the domestic market was 342030 yuan / ton last weekend and 343630 yuan / ton this weekend, up 0.47% this week.

The K-bar chart of commodity price uses the concept of K-line of price trend to reflect the weekly or monthly price changes in the form of bar chart. Investors can buy and sell investment according to the changes of K-bar chart. Red means: rising; Green means: falling; The height of K column indicates the range of rise and fall.

According to the price monitoring of the business community, in the list of commodity prices rising and falling in the 10th week of 2022 (3.7-3.11), there are seven kinds of commodities rising month on month in the non-ferrous sector, including one kind of commodity with an increase of more than 5%, accounting for 4.3% of the monitored commodities in the sector; The top three commodities were nickel (9.37%), metallic silicon (2.35%) and antimony (1.56%). A total of 15 kinds of commodities decreased month on month, and 2 kinds of commodities decreased by more than 5%, accounting for 8.7% of the monitored commodities in this sector; The products with the top three declines were electrolytic manganese (- 11.01%), aluminum (- 8.31%) and zinc (- 3.96%). The average rise and fall this week was – 1.44%.

In the futures market, Lunxi rose sharply on Tuesday, rising to a new record high of US $51000 / ton, mainly affected by the time of Russia and Ukraine. The overall market rose. Lunxi rose sharply due to capital disturbance. Later, as the situation eased, the funds left the market, the price fell, and gradually returned to the normal range. The trend of Shanghai tin basically followed that of Lunxi.

Basically, the import of tin concentrate in Myanmar is relatively stable, the construction of domestic refineries is OK, and the market expects the output of refined tin to rise to a certain extent in March. At present, the domestic tin inventory is still low, the downstream solder enterprises are currently operating on the low side, the demand for tin is weak, and the tin market as a whole is still in a pattern of weak supply and demand.

1、 Price trend

As can be seen from the above figure, the domestic isobutyraldehyde market price rose first and then fell this week. This week, the average price of isobutyraldehyde in the mainstream domestic market first rose from 15166.67 yuan / ton on March 5 to 15466.67 yuan / ton on March 10, an increase of 1.98%, and then fell to 15266.67 yuan / ton on March 11, a decrease of 1.29%. On the whole, isobutyraldehyde prices rose slightly this week and showed a downward trend over the weekend.

2、 Market analysis

The quotation of mainstream isobutyraldehyde manufacturers increased slightly this week: the ex factory quotation of lihuayi isobutyraldehyde this weekend was 15200 yuan / ton, which increased by 600 yuan / ton compared with last weekend; Hualu Hengsheng isobutyraldehyde’s ex factory quotation this weekend is 15500 yuan / ton, which is 100 yuan / ton lower than that last weekend; Shandong Zhenkun isobutyraldehyde offered 15200 yuan / ton this weekend, down 200 yuan / ton compared with last weekend.

From the upstream and downstream industrial chain, the upstream raw material market of isobutyraldehyde rose first and then fell this week. The quotation first rose from 9017.17 yuan / ton on March 5 to 9314.17 yuan / ton on March 8, an increase of 3.29%, and then fell to 9062.17 yuan / ton on March 11, a decrease of 2.71%. The market price of upstream raw materials has a downward trend and the cost support is general. Affected by the supply and demand side, it has a negative impact on the price of isobutyraldehyde. From the downstream industrial chain, the market price of neopentyl glycol fell slightly, and the quotation fell from 19000.00 yuan / ton at the beginning of the week to 18166.67 yuan / ton at the end of the week, down 4.39%. The neopentyl glycol market fell slightly, and the downstream demand weakened, which had a negative impact on isobutyraldehyde.

3、 Future forecast

The market trend of isobutyraldehyde in mid March may mainly decline slightly. The upstream propylene market has a downward trend and the cost support is general. The downstream neopentyl glycol market fell slightly, and the downstream purchasing enthusiasm weakened. Isobutyraldehyde analysts of business society believe that under the influence of supply and demand and raw materials in the short-term isobutyraldehyde market, the isobutyraldehyde market may fluctuate and decline slightly.