SunSirs: Under Dost Support, the Price of Neopentyl Glycol Increased by 0.63% within the Week

Price trend

Upstream cost support had increased, downstream paint demand wa average, and the domestic market price of neopentyl glycol had slightly increased this week. According to the Commodity Analysis System of SunSirs, the average price of neopentyl glycol in the mainstream domestic market increased from 10,600 RMB/ton at the beginning of the week to 10,666.67 RMB/ton over the weekend, an increase of 0.63%, and the weekend price decreased by 1.84% year-on-year.

Analysis review

This week, neopentyl glycol enterprises started construction at a high level, and mainstream market prices slightly increased: the weekend distribution price of neopentyl glycol in Jinan Jinhao was 10,500 RMB/ton, which was temporarily stable compared to the beginning of the week; The weekend distribution price of neopentyl glycol in Zibo Dehe was 10,600 RMB/ton, which increased by 200 RMB/ton compared to the beginning of the week; The weekend distribution price of neopentyl glycol in Zibo Zhongsheng wass 10,900 RMB/ton, and compared to the beginning of the week, the quotation was temporarily stable.

From the upstream raw material market of neopentyl glycol, the price of isobutyraldehyde in the domestic market had slightly increased this week. This week, the average price of isobutyraldehyde in the mainstream domestic market increased from 8,900 RMB/ton at the beginning of the week to 9,000 RMB/ton over the weekend, an increase of 1.12%. The weekend price increased by 23.85% year-on-year. The upstream isobutyraldehyde had a strong center of gravity, with a slight increase in market prices and good cost support. Due to the impact of supply and demand, it had a positive impact on the price of neopentyl glycol. From the perspective of downstream demand, the recovery of the downstream paint industry was slow, and demand remained weak. The enterprise had a strong wait-and-see atmosphere, with a focus on essential procurement.

Market outlook

In mid to late March, the trend of the neopentyl glycol market may fluctuate slightly and rise mainly. The upstream isobutyraldehyde market had slightly increased, with increased cost support. The downstream paint market had a strong wait-and-see atmosphere, with enterprises mainly focusing on procurement for immediate needs. SunSirs' neopentyl glycol analyst believes that in the short term, the market for neopentyl glycol may experience slight fluctuations and increases due to various factors such as supply and demand and raw materials.

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