Recently, the isobutanol market has declined. According to the Commodity Market Analysis System of Shengyishe, as of March 19th, the average price of isobutanol enterprises was 8375.00 yuan/ton, a decrease of 0.15% compared to March 14th (isobutanol reference 8387.50 yuan/ton), and a decrease of 1.76% compared to the beginning of the month.

During this cycle, cost support has been weak, with high supply side inventory and downstream consumption of raw materials. The enthusiasm for inquiry and procurement is not high, with only small orders requiring immediate follow-up. The market transaction atmosphere is flat, with holders offering discounts for shipments. In addition, the decline in related product n-butanol has caused a loosening of the focus of negotiations in the isobutanol market. On the 19th, the reference price for negotiations in the East China isobutanol market was around 7750-7800 yuan/ton.

Upstream propylene: According to the commodity market analysis system of Business Society, the reference price of propylene on March 18th was 6936.60, an increase of 0.96% compared to March 1st (6870.75). Recently, propylene prices have adjusted narrowly, providing moderate support for the isobutanol market.

Upstream isobutyraldehyde: According to the commodity analysis system of Business Society, on March 18th, the reference price of isobutyraldehyde was 8766.67, a decrease of 1.31% compared to March 1st (8883.33). In recent times, due to insufficient cost support, the price of isobutyraldehyde has fallen. The market trend of isobutyraldehyde in late March may mainly fluctuate and decline, which may weaken support for the isobutyl alcohol market.

Business Society isobutanol analysts believe that short-term fundamental support is limited, and holders are actively shipping. It is expected that the isobutanol market may operate weakly and steadily in the short term, and more attention needs to be paid to market news guidance.