Price trend

According to the commodity analysis system of SunSirs, the price of neopentyl glycol in the domestic market rose slightly this week. This week, the average price of the mainstream market of neopentyl glycol in China rose from 10,266.67 RMB/ton at the beginning of the week to 10,766.67 RMB/ton at the end of the week, up 4.87%. Weekend prices fell by 37.88% year-on-year.

On May 8th, the new neopentyl glycol commodity index was 51.89 points, unchanged from the previous day, a decrease of 49.92% from the cycle's highest point of 103.61 points (2021-09-22), and an increase of 20.53% from the lowest point of 43.05 points on November 28th, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)

Analysis review

The price of neopentyl glycol in the mainstream market rose slightly this week: the weekend distribution price of neopentyl glycol in Jinan Aochen Wanhua was 10,500 RMB/ton, which was temporarily stable compared with the beginning of the week; The weekend distribution price of Zibo Dehe CHengfeng neopentyl glycol was 11,500 RMB/ton, an increase of 1,500 RMB/ton compared to the beginning of the week. The weekend distribution price of neopentyl glycol in Jinan Jinhao Jihua was 10,300 RMB/ton, which was temporarily stable compared to the beginning of the week.

From the perspective of neopentyl glycol upstream raw material market, the domestic isobutyraldehyde market price rose sharply this week. This week, the average price of domestic isobutyraldehyde mainstream market rose from 7,433.33 RMB/ton at the beginning of the week to 9,516.67 RMB/ton at the end of the week, up 28.03%. Weekend prices fell by 37.25% year-on-year. The price of upstream raw materials market rose sharply, with good cost support. Affected by the supply and demand, it had a positive impact on the price of neopentyl glycol.

Market outlook

In mid to early May, the market trend of neopentyl glycol may fluctuate slightly and rise mainly. The upstream isobutyraldehyde market had seen a significant increase, with good cost support. The downstream paint market was average, and the enthusiasm for downstream procurement had weakened. Analysts from SunSirs believe that in the short term, the market for neopentyl glycol may experience slight fluctuations and increases due to various factors such as supply and demand, as well as raw materials.

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