Price trend

According to the Commodity Analysis System of SunSirs, the domestic market price of neopentyl glycol slightly increased this week. This week, the average price of the mainstream domestic market for neopentyl glycol increased from 9,666.67 RMB/ton at the beginning of the week to 9,766.67 RMB/ton at the weekend, an increase of 1.03%. Weekend prices were increased by 1.03% year-on-year.

On August 21, the neopentyl glycol commodity index was 47.07 points, unchanged from the previous day, a decrease of 54.57% from the cycle's highest point of 103.61 points (2021-09-22), and an increase of 9.34% from the lowest point of 43.05 points on November 28, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)

Analysis review

The mainstream market price of neopentyl glycol increased this week: the weekend distribution price of neopentyl glycol for Zibo Zhongsheng Wanhua was 9,900 RMB/ton, which was temporarily stable compared to the beginning of the week; The weekend distribution price of Zibo De Synthetic Fengxin’s Neopentyl glycol was 9,700 RMB/ton, an increase of 300 RMB/ton compared to the beginning of the week. The weekend distribution price of Jinan Jinhao Jihua’s Neopentyl glycol was 9,700 RMB/ton, which was temporarily stable compared to the beginning of the week.

From the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price slightly increased this week. This week, the average price of isobutyraldehyde in the mainstream domestic market increased from 8,100.00 RMB/ton at the beginning of the week to 8,233.33 RMB/ton at the weekend, an increase of 1.65%. Weekend prices were increased by 14.88% year-on-year. The upstream raw material market prices had slightly increased, with good cost support. Affected by the supply and demand side, it had a positive impact on the price of neopentyl glycol.

Market outlook

In late August, the market trend of neopentyl glycol may mainly fluctuate and rise slightly. The upstream isobutyraldehyde market slightly increased, with increased cost support. 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 mainly fluctuate and rise slightly due to various factors such as supply and demand, as well as raw materials.

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