SunSirs: This Week, Domestic Neopentyl Glycol Increased by 2.88% (September 11-17)

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 10,133.33 RMB/ton at the beginning of the week to 10,425.00 RMB/ton at the weekend, an increase of 2.88%. Weekend prices were increased by 1.21% year-on-year.

On September 18th, the neopentyl glycol commodity index was 50.24 points, unchanged from the previous day, a decrease of 51.51% from the cycle's highest point of 103.61 points (2021-09-22), and an increase of 16.70% from the lowest point of 43.05 points on November 28th, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)

Analysis review

The mainstream market price of neopentyl glycol had slightly increased this week: the weekend distribution price of neopentyl glycol from Zibo Zhongsheng Wanhua was 11,000 RMB/ton, an increase of 600 RMB/ton compared to the beginning of the week; The weekend distribution price of neopentyl glycol from Zibo Dehe Chengfeng was 10,300 RMB/ton, which was temporarily stable compared to the beginning of the week. The weekend distribution price of Jinan Jinhao Jihua’s new neopentyl glycol 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 9,000.00 RMB/ton at the beginning of the week to 9,133.33 RMB/ton at the weekend, an increase of 1.48%. The weekend price was increased by 22.32% 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 late September, the market trend of neopentyl glycol may fluctuate slightly and rise mainly. The upstream isobutyraldehyde market slightly increased, with increased cost support. 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 slightly fluctuate and rise due to various factors such as supply and demand, as well as raw materials.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.