SunSirs: Neopentyl Glycol may Fluctuate Slightly and Fall
March 16 2023 10:44:08The latest price of neopentyl glycol (3-15): 10600.00 RMB / ton, the market outlook is bearish
Key points of analysis: On March 15, the domestic market price of neopentyl glycol dropped slightly, 266.67 RMB/ton or 2.45% lower than the price on March 14. Compared with the same period last year, it fell 41.65% year-on-year. The market price of isobutyraldehyde, a raw material, has dropped slightly recently, and the cost support has weakened. The downstream polyester resin market is average, and downstream customers are not motivated enough to purchase neopentyl glycol.
Market outlook forecast: It is expected that the domestic market price of neopentyl glycol may fluctuate slightly and drop, mainly in order. The average market price is around 10,000 RMB/ton.
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