SunSirs: This Week, Domestic Neopentyl Glycol Increased by 3.08% (September 4-10)
September 13 2023 14:08:42 SunSirs (John)
Price trend
According to the Commodity Analysis System of SunSirs, the domestic market price of neopentyl glycol had slightly increased this week. This week, the average price of the mainstream domestic market for neopentyl glycol increased from 9,733.33 RMB/ton at the beginning of the week to 10,033.33 RMB/ton at the weekend, an increase of 3.08%. Weekend prices fell by 3.83% year-on-year.
On September 12th, the neopentyl glycol commodity index was 49.64 points, an increase of 0.8 points from the previous day, a decrease of 52.09% from the cycle's highest point of 103.61 points (2021-09-22), and an increase of 15.31% 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 had increased this week: the weekend distribution price of neopentyl glycol of Zibo Zhongsheng Wanhua was 10,400 RMB/ton, an increase of 700 RMB/ton compared to the beginning of the week; The weekend distribution price of neopentyl glycol of Zibo Dehe Chengfeng was 10,000 RMB/ton, an increase of 200 RMB/ton compared to the beginning of the week. The weekend distribution price of neopentyl glycol of Jinan Jinhao Jihua 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 8,933.33 RMB/ton at the beginning of the week to 9,000.00 RMB/ton at the weekend, an increase of 0.75%. Weekend prices were increased by 14.41% 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 mid to late September, the market trend of neopentyl glycol may fluctuate slightly and rise mainly. The upstream isobutyraldehyde market slightly increased, cost support increased. 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 fluctuate and rise slightly due to various factors such as supply and demand, as well as raw materials.
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