Price trend

It can be seen from the above figure that the domestic market price of neopentyl glycol rose sharply this month, and the average price of the domestic mainstream market of neopentyl glycol rose from 9,500.00 RMB/ton at the beginning of the month to 11,033.33 RMB/ton at the end of the month, an increase of 16.14%. Compared with the same period last year, the year-on-year decline was 42.93%.

Analysis review

The prices quoted by the mainstream manufacturers of neopentyl glycol rose sharply this month: the distribution price of neopentyl glycol of Shandong KaiMi Chemical at the end of the month was 10,500 RMB/ton, which was 1,300 RMB/ton higher than that at the beginning of the month; At the end of the month, the distribution price of Jinan Aochen Wanhua Neopentyl Glycol was 12,000 RMB/ton, up 3,000 RMB/ton from the beginning of the month; At the end of the month, the distribution price of Zibode Synthetic Neopentyl Glycol was 10,600 RMB/ton, up 300 RMB/ton from the beginning of the month

From the perspective of the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price fluctuated and fell in shock this month. The price of isobutyraldehyde dropped from 8,266.67 RMB/ton at the beginning of the month to 7,500.00 RMB/ton at the end of the month, down 9.27%. The ex-factory price of domestic formaldehyde fluctuated up this month. The price of formaldehyde increased by 0.80% from 1,246.67 RMB/ton at the beginning of the month to 1,256.67 RMB/ton at the end of the month. On the whole, the market price of upstream raw materials rose and fell. Affected by the supply and demand side, the support for the price of neopentyl glycol was weak.

Market outlook

The overall trend of neopentyl glycol market in mid-March and early-March maybe mainly fluctuate up slightly. The market prices of isobutyraldehyde and formaldehyde at the end of the month in the upstream showed an upward trend, with good cost support. The downstream paint market was good, and the enthusiasm of downstream procurement was increased. 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 mainly fluctuate and rise slightly.

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