Price trend

According to the commodity analysis system of SunSirs, the domestic neopentyl glycol market price was consolidated at a low level this week. The average price of the mainstream market of neopentyl glycol in China this week was 10,433.33 RMB/ton. Weekend prices fell by 38.02% year-on-year.

On June 5th, the isobutyraldehyde commodity index was 36.38 points, a decrease of 1.35 points from the previous day, a decrease of 65.54% from the cycle's highest point of 105.58 points (2021-09-16), and an increase of 20.78% from the lowest point of 30.12 points on October 7th, 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 was temporarily stable this week: Jinan Aochen Wanhua's selling price of neopentyl glycol at the weekend was 10,500 RMB/ton, which was temporarily stable compared with that at the beginning of the week; The weekend distribution price of Zibo De Synthetic Fengxin Pentylenediol was 10,500 RMB/ton, which was temporarily stable compared to the beginning of the week. The weekend distribution price of Jinan Jinhao Jihua neopentyl glycol 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 fell slightly this week. The average price of domestic isobutyraldehyde mainstream market fell from 7,700.00 RMB/ton at the beginning of the week to 7,433.33 RMB/ton at the end of the week, a decrease of 3.46%. Weekend prices fell by 53.15% year-on-year. The price of upstream raw material market fell slightly, and the cost support weakened. Affected by the supply and demand side, the price of neopentyl glycol was negatively affected.

Market outlook

In mid to late June, the trend of the neopentyl glycol market may fluctuate and decline slightly mainly. The upstream isobutyraldehyde market slightly declined, and cost support weakened. The downstream paint market was average, and the enthusiasm for downstream procurement was average. Analysts from SunSirs believe that in the short term, the market for neopentyl glycol may experience slight fluctuations and declines due to various factors such as supply and demand, as well as raw materials.

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