SunSirs: Domestic Neopentyl Glycol Fell 4.68% This Week (July 2-8)
July 12 2022 10:58:51 SunSirs (John)Price trend
According to the monitoring of SunSirs, the domestic neopentyl glycol market price fell slightly this week. The average price of domestic neopentyl glycol mainstream market this week fell from 12,833.33 RMB/ton at the end of last week to 12,233.33 RMB/ton at the end of this week, a decrease of 4.68%.
On July 11, the Neopentyl Glycol Commodity Index was 58.96, the same as previous day, setting a record low in the cycle, a decrease of 43.09% from the highest point of 103.61 on September 22, 2021. (Note: The cycle refers to 2021-09-01 to the present)
Analysis review
The price of mainstream neopentyl glycol manufacturers dropped this week: Jinan Aochen Wanhua's neopentyl glycol weekend distribution price was 13,200 RMB/ton, compared with last weekend, the quotation fell by 800 RMB/ton; Zibo Dechengfeng's neopentyl glycol weekend distribution price was 11,000 RMB/ton, compared with last weekend, the quotation fell by 1,000 RMB/ton. The price of neopentyl glycol of Chongqing Kaiyin Jihua over the weekend was 12,500 RMB/ton. Compared with last weekend, the quotation was temporarily stable.
Judging from the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price dropped sharply this week. This week, the average price of isobutyraldehyde in the mainstream domestic market fell from 8,466.67 RMB/ton on last weekend to 7,366.67 RMB/ton on this weekend, a decrease of 12.99%. The market price of upstream raw materials fell sharply, and the cost support weakened. Affected by the supply and demand side, it had a negative impact on the price of neopentyl glycol.
Market outlook
In mid-July, the market trend of neopentyl glycol may fluctuate slightly and fall. The upstream isobutyraldehyde market fell sharply, the cost support weakened, the weather became hotter, the downstream coatings market entered the off-season, and the downstream purchasing enthusiasm weakened. The neopentyl glycol analyst of SunSirs believes that in the short term, under the influence of supply and demand and raw materials, the neopentyl glycol market may mainly fluctuate down slightly.
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