SunSirs: This Week, Domestic Neopentyl Glycol Fell 1.43% (November 6-12)

Price trend

According to the Commodity Analysis System of SunSirs, the domestic market price of neopentyl glycol had slightly decreased this week. This week, the average price of the mainstream domestic market for neopentyl glycol dropped from 10,525.00 RMB/ton at the beginning of the week to 10,375.00 RMB/ton at the weekend, a decrease of 1.43%, and the weekend price increased by 7.33% year-on-year.

On November 13th, the neopentyl glycol commodity index was 49.76 points, a decrease of 0.24 points from the previous day, a decrease of 51.97% from the cycle's highest point of 103.61 points (2021-09-22), and an increase of 15.59% 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 decreased this week: the weekend distribution price of neopentyl glycol of Zibo Zhongsheng Wanhua was 10,300 RMB/ton, a decrease of 400 RMB/ton compared to the beginning of the week; The weekend distribution price of Zibo Dehe Chengfeng Neopentyl glycol was 9700 RMB/ton, which was temporarily stable compared to the beginning of the week; The weekend distribution price of Shanghai Ronghe Wanhua Neopentyl glycol was 10,700 RMB/ton, which was a decrease of 200 RMB/ton compared to the beginning of the week.

From the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price had significantly decreased this week. This week, the average price of isobutyraldehyde in the mainstream domestic market dropped from 7,800.00 RMB/ton at the beginning of the week to 7,500.00 RMB/ton at the weekend, a decrease of 3.85%, and the weekend price increased by 15.38% year-on-year. The upstream raw material market prices had significantly decreased, with insufficient cost support. Due to the impact of supply and demand, it had a negative impact on the price of neopentyl glycol.

Market outlook

In mid to late November, the trend of the neopentyl glycol market may fluctuate and decline slightly mainly. The upstream isobutyraldehyde market had significantly declined, with insufficient 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 experience slight fluctuations and declines due to various factors such as supply and demand, as well as raw materials.

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