1、 Price trend
As can be seen from the above figure, the domestic market price of neopentyl glycol fell slightly this week. The average price of domestic mainstream market price of neopentyl glycol fell from 17433.33 RMB/ton last weekend to 16833.33 RMB/ton this weekend, down 3.44%. On May 20, the commodity index of neopentyl glycol was 81.12, down 2.09 points from yesterday, down 21.71% from the highest point of 103.61 points in the cycle (2021-09-22), and up 26.24% from the lowest point of 64.26 points on January 3, 2022. (Note: the period refers to the period from September 1, 2021 to now)
2、 Market analysis
The quotation of mainstream manufacturers of neopentyl glycol fell slightly this week: the distribution price of Jinan aochen Wanhua neopentyl glycol at the weekend was 17300 RMB/ton, which fell by 500 RMB/ton compared with last weekend; Zibo de synthetic Feng neopentyl glycol sold at 17200 RMB/ton over the weekend, up 200 RMB/ton compared with last weekend. Wuhan Kaisi Wanhua neopentyl glycol was sold at 16000 RMB/ton at the weekend. Compared with last weekend, the quotation was temporarily stable.
From the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price rose slightly this week. This week, the average price of isobutyraldehyde in the mainstream domestic market rose from 15366.67 RMB/ton last weekend to 16300.00 RMB/ton this weekend, an increase of 6.07%. The market price of upstream raw materials rose slightly, and the cost support was strengthened. Affected by the supply and demand side, it had a positive impact on the price of neopentyl glycol.
3、 Future forecast
In late May, the market trend of neopentyl glycol may fluctuate slightly, mainly rising. The upstream isobutyraldehyde market rose slightly, the cost support was strengthened, the downstream coating market was general, and the downstream procurement enthusiasm was weak. Analysts of neopentyl glycol in business society believe that the short-term neopentyl glycol market may rise slightly due to the influence of supply and demand and raw materials.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.