Price trend

It can be seen from the above figure that the domestic market price of neopentyl glycol rose slightly this week. This week, the average price of the domestic mainstream market of neopentyl glycol rose from 9,133.33 RMB/ton at the end of last week to 9,566.67 RMB/ton at the end of this week, up 4.74%. Compared with the same period last year, the year-on-year decline was 42.53%.

The neopentyl glycol commodity index on January 27 was 46.10, which was the same as the previous day, down 55.51% from the cycle's highest point of 103.61 points (2021-09-22), and up 7.08% from the lowest point of 43.05 points on November 28, 2022. (Note: the period refers to the period from September 1, 2021 to now)

Analysis review

The price of the mainstream manufacturers of neopentyl glycol rose slightly this week: the distribution price of neopentyl glycol at the weekend of Jinan Aochen Wanhua was 9,000 RMB/ton, which was temporarily stable compared with that at the weekend of last week; The distribution price of Zibo Dehe Chengfeng neopentyl glycol at the weekend was 10,500 RMB/ton, which was 1,300 RMB/ton higher than that at the weekend. The distribution price of Shandong Kemico Neopentyl Glycol at the weekend was 9,200 RMB/ton, which was temporarily stable compared with that at the end of last week.

From the perspective of the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price rose sharply this week. The average price of domestic isobutyraldehyde in the mainstream market rose from 7,100.00 RMB/ton at the end of last week to 7,933.33 RMB/ton at the end of this week, up 11.74%. The market price of upstream raw materials rose sharply, and the cost support increased. Affected by the supply and demand side, it had a positive impact on the price of neopentyl glycol.

Market outlook

In the early and middle of February, the market trend of neopentyl glycol may fluctuate upward slightly. The market price of isobutyraldehyde in the upstream rose sharply, the cost support increased, the market price of the downstream paint market was general, and the enthusiasm of the downstream procurement weakened. The neopentyl glycol analyst of SunSirs believes that in the short term, under the influence of supply and demand, raw materials and other aspects of the neopentyl glycol market, the market may fluctuate and rise slightly.

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