Price trend

As can be seen from the above figure, the domestic neopentyl glycol market price fell slightly this week. This week, the average price of neopentyl glycol in the domestic mainstream market fell from 10,433.33 RMB/ton at the end of last week to 9,766.67 RMB/ton this weekend, a decrease of 6.39%.

On August 14, the Neopentyl Glycol Commodity Index was 47.07, the same as previous day, setting a record low in the cycle, down 54.57% from the highest point of 103.61 on September 22, 2021. (Note: The cycle refers to 2021-09-01 to the present)

Analysis review

This week, the price of neopentyl glycol from mainstream manufacturers fell: Jinan Aochen Wanhua's neopentyl glycol weekend distribution price was 10,500 RMB/ton, compared with last weekend, the quotation fell by 500 RMB/ton; Zibo Deshefeng's neopentyl glycol was sold at 9,200 RMB/ton over the weekend, which was a drop of 600 RMB/ton compared with last weekend; the weekend distribution price of neopentyl glycol from Kemico Shandong was 9,600 RMB/ton, compared with last weekend, the quotation dropped by 900 RMB/ton.

Judging from the upstream raw material market of neopentyl glycol, the domestic market price of isobutyraldehyde rose slightly this week. This week, the average price of isobutyraldehyde in the domestic mainstream market rose from 6666.67 RMB/ton last weekend to 7000.00 RMB/ton this weekend, an increase of 5.00%. The market price of upstream raw materials rose slightly, and the cost support was good. Affected by the supply and demand side, it had a positive impact on the price of neopentyl glycol.

Market outlook

In the middle and late August, the trend of neopentyl glycol market may fluctuate slightly and rise mainly. The upstream isobutyraldehyde market rose slightly, and the cost support was better. The downstream coatings market was in general, and the enthusiasm for downstream purchases was weakened. The neopentyl glycol analyst of SunSirs believes that in the short term, the neopentyl glycol market may fluctuate up slightly under the influence of supply and demand and raw materials.

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