Price trend
According to the market analysis system of SunSirs, after falling to its lowest point at the end of March, n-butanal experienced a slight rebound in early April. As of April 2, the reference price of SunSirs's n-butanal was 8,040 RMB/ton, an increase of 37 RMB/ton from 8,003 RMB/ton on March 29.
Analysis review
In terms of raw material propylene, propylene had stopped falling and the market had rebounded. The market performance was still good, and the atmosphere on the market was warm. The factory's firm offer provided support for the price of n-butanal.
In terms of downstream n-butanol, although the n-butanol market experienced a recovery in late March, the recovery momentum was not significant compared to the continuous deep decline in early March. The trading atmosphere in the n-butanol market was still good, and downstream continued to purchase on demand and buy on dips.
Market outlook
According to data analysts from SunSirs, the favorable raw material side supported the cessation of decline in the butyraldehyde market, while downstream markets gradually recovered. In the short term, the domestic butyraldehyde market will mainly adjust within a certain range.
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