SunSirs: Both Supply and Demand Were Weak, and N-butyraldehyde Continued to Be Weak in Early May
May 09 2024 10:16:35 SunSirs (John)
Price trend
According to the market analysis system of SunSirs, as of May 8th, the price of n-butyraldehyde was 7,912 RMB/ton, a decrease of 1.72% compared to April 8th at 8,050 RMB/ton.
Analysis review
In terms of raw materials:
As the spring inspection of raw material propylene was gradually coming to an end, coupled with the release of some new production capacity, the supply of propylene in the field had significantly rebounded, and the demand had not improved much. The market lacked positive boost, and the support for n-butyraldehyde was weak.
The overall weak operation of the raw hydrogen market resulted in stable prices, with an industry average price of 2.2-3.2 yuan/nm3.
On the demand side:
Downstream n-butanol from butyraldehyde was still in a game of supply and demand and expectations. The operating rate of downstream butyl esters had declined, and n-butanol was still in a state of destocking. It is expected that multiple sets of new butanol and octanol units will be put into operation in the middle of the year, which is a bearish situation for supply and demand.
Market outlook
The weak supply and demand had led to a weak rebound of n-butyraldehyde after a cliff like decline in April, remaining at a mid year low. There is no positive support for demand in the later period, and it is expected to fluctuate weakly.
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- 2024-05-16 SunSirs: Both Supply and Demand Were Favorable, the Price of N-butyraldehyde Slightly Increased
- 2024-04-17 SunSirs: In mid April, the Market Situation for N-butanal Continued to Be Weak and Downward
- 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
