Price trend

According to the Commodity Analysis System of SunSirs, the domestic market price of neopentyl glycol had slightly declined this week. This week, the average price of neopentyl glycol in the mainstream domestic market dropped from 9,575.00 RMB/ton at the beginning of the week to 9,525.00 RMB/ton over the weekend, a decrease of 0.52%, and the weekend price increased by 3.91% year-on-year.

On December 18th, the neopentyl glycol commodity index was 45.90 points, unchanged from the previous day, a decrease of 55.70% from the highest point in the cycle of 103.61 points (2021-09-22), and an increase of 6.62% from the lowest point of 43.05 points on November 28th, 2022. (Note: The cycle refers to the period from September 1, 2021 to present)

Analysis review

The mainstream market price of neopentyl glycol had slightly decreased this week: the weekend distribution price of neopentyl glycol in Jinan Jinhao was 9,700 RMB/ton, which was temporarily stable compared to the beginning of the week; The weekend distribution price of neopentyl glycol in Zibo Dehe Chengfeng was 9,000 RMB/ton, which was temporarily stable compared to the beginning of the week; The weekend distribution price of neopentyl glycol in Shanghai Ronghe Wanhua was 9,800 RMB/ton, a decrease of 200 RMB/ton compared to the beginning of the week.

From the upstream raw material market of neopentyl glycol, the price of isobutyraldehyde in the domestic market had slightly increased this week. This week, the average price of isobutyraldehyde in the mainstream domestic market increased from 7,900.00 RMB/ton at the beginning of the week to 7,933.33 RMB/ton over the weekend, an increase of 0.42%. The weekend price was increased by 20.20% year-on-year. The upstream raw material market prices had slightly increased, with good cost support. However, due to the impact of supply and demand, it had a positive impact on the price of neopentyl glycol.

Market outlook

In late December, the trend of the neopentyl glycol market may fluctuate slightly and rise mainly. The upstream isobutyraldehyde market slightly increased, with good cost support. The downstream paint market was average, and downstream procurement enthusiasm was average. SunSirs' neopentyl glycol analyst believes 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 and raw materials.

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