SunSirs: In mid April, the Market Situation for N-butanal Continued to Be Weak and Downward
April 17 2024 14:11:56 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, the market price of n-butanal continued to decline weakly in mid April. As of April 16th, the average price of n-butanal in China was 7,940 RMB/ton, a decrease of 85 RMB/ton from 8,025 RMB/ton at the beginning of the month.
Analysis review
From the perspective of downstream demand, on April 15th, the price of n-butanol was 7,833 RMB/ton, and the market situation of n-butanol in Shandong region showed a downward trend. The trading atmosphere on the n-butanol exchange was light, with weak downstream demand and some users buying on dips. Overall, new orders on the exchange were relatively lackluster.
The recent trend of trimethylolpropane had declined, with some factories experiencing poor shipments, inventory pressure, and weak downstream demand.
Overview and Outlook
SunSirs' butyraldehyde analyst believes that the downstream demand was decreasing, which lacked support for the butyraldehyde market. It is expected that the butyraldehyde market will experience a slight decline next week.
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- 2024-04-09 SunSirs: Weak Supply and Demand, Butyraldehyde Was Weak to Rebound in Early April
- 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
- 2024-03-13 SunSirs: Costs Weakened and Prices of N-butyraldehyde Fell
