According to the market analysis system of Business Society, as of May 8th, the price of n-butanal was 7912 yuan/ton, a decrease of 1.72% compared to April 8th at 8050 yuan/ton.

In terms of raw materials:

As the spring inspection of raw material propylene is gradually coming to an end, coupled with the release of some new production capacity, the supply of propylene in the field has significantly rebounded, and the demand has not improved much. The market lacks positive boost, and the support for n-butanal is weak.

The overall weak operation of the raw hydrogen market results in stable prices, with an industry average price of 2.2-3.2 yuan/nm3.

On the demand side:

Downstream n-butanol from butyraldehyde is still in a game of supply and demand and expectations. The operating rate of downstream butyl esters has declined, and n-butanol is 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.

Future Market Forecast:

The weak supply and demand have 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.