Price trend
As can be seen from the figure above, the domestic neopentyl glycol market price rose slightly this week. This week, the average mainstream market price of neopentyl glycol in China rose from 8,966.67 RMB/tonn at last weekend to 9,166.67 RMB/tonn at this weekend, up 2.23%. And a year-on-year decrease of 34.52%.
On December 18, the neopentyl glycol commodity index was 44.18, unchanged from the previous day, down 57.36% from the cycle's highest point of 103.61points (2021-09-22), and up 2.62% from the lowest point of 43.05 points on November 28, 2022. (Note: Period refers to 2021-09-01 to now)
Analysis review
The price of neopentyl glycol mainstream manufacturers rose this week: Jinan Aochen Wanhua's selling price of neopentyl glycol at the weekend was 9,000 RMB/tonn, which was temporarily stable compared with last weekend; The distribution price of Zibo Dehe Chengfeng’s neopentyl glycol at the weekend was 9,300 RMB/tonn, which was 300 RMB/tonn higher than that at last weekend. The selling price of Shandong Kemike’s neopentyl glycol at the weekend was 9,200 RMB/tonn, which was 300 RMB/tonn higher than that at last weekend.
From the perspective of neopentyl glycol upstream raw material market, the domestic isobutyraldehyde market price rose slightly this week. This week, the average domestic mainstream market price of isobutyraldehyde rose from 6,216.67 RMB/tonn at last weekend to 6,600.00 RMB/tonn at the weekend, up 6.17%. The upstream raw material market price rose slightly, and the cost support increased. Affected by the supply and demand, it had a positive impact on the price of neopentyl glycol.
Market outlook
Neopentyl glycol market trend in late December may mainly fluctuate and rise slightly. The upstream isobutyraldehyde market rose slightly, the cost support increased, the downstream paint market was in general, and the downstream purchasing enthusiasm weakened. The neopentyl glycol analysts of SunSirs believe that the market price may rise slightly in shock in the short term due to the influence of supply and demand, raw materials and other aspects of the neopentyl glycol market.
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