Price trend

According to the commodity analysis system of SunSirs, the domestic market price of neopentyl glycol was temporarily stable this week. The average price of neopentyl glycol in the domestic mainstream market this week was 9,566.67 RMB/ton. Weekend prices fell 14.58% year-on-year.

On July 17, the neopentyl glycol commodity index was 46.10 points, unchanged from the previous day, 55.51% lower than the cycle's highest point of 103.61 (2021-09-22), and 7.08% higher than the lowest point of 43.05 on November 28, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)

Analysis review

The price of neopentyl glycol in the mainstream market was temporarily stable this week: the weekend distribution price of Jinan Aochen Wanhua neopentyl glycol was 10,000 RMB/ton, which was temporarily stable compared with the beginning of the week; The distribution price of neopentyl glycol of Zibo De Synthetic Fung at the weekend was 8,700 RMB/ton, which was temporarily stable compared with that at the beginning of the week. The distribution price of neopentyl glycol of Jinan Jinhao Jihua at the weekend was 10,000 RMB/ton, which was temporarily stable compared with that at the beginning of the week.

From the perspective of neopentyl glycol upstream raw material market, the domestic isobutyraldehyde market price rose slightly this week. This week, the average price of isobutyraldehyde in the domestic mainstream market rose from 7,200.00 RMB/ton at the beginning of the week to 7,333.33 RMB/ton at the end of the week, up 1.85%. Weekend prices fell by 7.56% year-on-year. The price of upstream raw material market rose slightly, with good cost support. Affected by the supply and demand side, the price of neopentyl glycol was positively affected.

Market outlook

In late July, the market trend of neopentyl glycol may rise slightly in shock. The upstream isobutyraldehyde market rose slightly, and cost support increased. The downstream paint market was average, and the enthusiasm for downstream procurement was average. The neopentyl glycol analysts of SunSirs believe that in the short term, the neopentyl glycol market may fluctuate and rise slightly due to the impact of supply and demand and raw materials.

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