SunSirs: Weak Supply and Demand, Butyraldehyde Was Weak to Rebound in Early April
April 09 2024 14:32:21 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, after a cliff like decline in n-butyraldehyde in March, it fluctuated in early April and remained at a price of 8,000-8,100 RMB per ton. As of April 8th, the reference price for domestic n-butyraldehyde was 8,050 RMB/ton, an increase of 25 RMB/ton from 8,025 RMB/ton on April 1st.
Analysis review
In terms of raw material propylene, the restart of facilities such as Liaoning Jinfa and the release of new production capacity had a slight impact on propylene prices, resulting in a slight decline in prices.
From the perspective of downstream demand, the n-butanol market was oversupplied, with high inventory levels among manufacturers and a strong willingness to sell at discounted prices, resulting in weak prices.
Market outlook
According to data analysts from SunSirs, the weak supply and demand had led to a weak rebound in the price of butyraldehyde, and it is expected that the price center of butyraldehyde will fluctuate in the future.
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- 2024-05-09 SunSirs: Both Supply and Demand Were Weak, and N-butyraldehyde Continued to Be Weak in Early May
- 2024-04-17 SunSirs: In mid April, the Market Situation for N-butanal Continued to Be Weak and Downward
- 2024-04-07 SunSirs: The N-butyraldehyde Market Stopped Falling and Experienced a Slight Rebound
- 2024-03-28 SunSirs: Can Butyraldehyde Stop Its Decline after Continuous Decline
- 2024-03-22 SunSirs: In March, N-butyraldehyde Plummeted Repeatedly
