Price trend
As can be seen from the above figure, the domestic neopentyl glycol market price rose slightly this week. The average price of domestic neopentyl glycol mainstream market this week rose from 9,966.67 RMB/ton at last weekend to 10,433.33 RMB/ton at this weekend, an increase of 4.68%.
On September 12, the neopentyl glycol commodity index was 50.28, the same as previous day, down 51.47% from the highest point of 103.61points in the cycle (2021-09-22), and up 7.92% from the lowest point of 46.59 points on August 20, 2022. (Note: The cycle refers to 2021-09-01 to the present)
Analysis review
The price of mainstream neopentyl glycol manufacturers increased this week: the weekend distribution price of neopentyl glycol in Jinan Aochen Wanhua was 11,000 RMB/ton, compared with last weekend, the quotation increased by 2,000 RMB/ton; the weekend distribution price of neopentyl glycol of Zibo Dehexingfeng was 10,500 RMB/ton, compared with last weekend, the quotation increased by 300 RMB/ton; the weekend distribution price of neopentyl glycol from Kemike Shandong was 9,800 RMB/ton, compared with last weekend, the quotation was temporarily stable.
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 the domestic mainstream market price of isobutyraldehyde rose from 7,833.33 RMB/ton last weekend to 7,966.67 RMB/ton this weekend, an increase of 1.70%. 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 mid-September, the market trend of neopentyl glycol may fluctuated slightly. 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 under the influence of supply and demand and raw materials in the short term, the neopentyl glycol market may fluctuate up slightly.
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