SunSirs: Domestic Neopentyl Glycol Fell 1.02% This Week (August 15-19)

Price trend

As can be seen from the above figure, the domestic neopentyl glycol market price fell slightly this week. The average price of domestic neopentyl glycol mainstream market this week fell from 9,766.67 RMB/ton last weekend to 9,666.67 RMB/ton this weekend, a decrease of 1.02%.

On August 22, the neopentyl glycol commodity index was 47.07, the same as previous day, down 54.57% from the highest point in the cycle (103.61 points on 2021-09-22), and up 1.03% from the lowest point of 46.59 points on August 20, 2022. (Note: The cycle refers to 2021-09-01 to the present)

Analysis review

This week, the price of neopentyl glycol from mainstream manufacturers of neopentyl glycol fell: Jinan Aochen Wanhua's neopentyl glycol weekend distribution price was 10,000 RMB/ton, compared with last weekend, the quotation dropped by 500 RMB/ton; Zibo Deshefeng's neopentyl glycol weekend distribution price was 9,200 RMB/ton, compared with last weekend, the quotation was temporarily stable; Kemike Shandong's neopentyl glycol weekend distribution price was 9,800 RMB/ton, compared with last weekend, the quotation increased by 200 RMB/ton.

Judging from the upstream raw material market of neopentyl glycol, the domestic market price of isobutyraldehyde rose slightly this week. This week, the domestic mainstream market price of isobutyraldehyde rose from 6,933.33 RMB/ton last weekend to 7,166.67 RMB/ton this weekend, an increase of 3.37%. The market price of upstream raw materials rose slightly, and the cost support was good. Affected by the supply and demand side, it had a positive impact on the price of neopentyl glycol.

Market outlook

In late August, the market trend of neopentyl glycol may fluctuate slightly and rise. The upstream isobutyraldehyde market rose slightly, and the cost support was better. The downstream coatings market was in general, and the enthusiasm for downstream purchases was weakened. The neopentyl glycol analyst of SunSirs believes that the short-term neopentyl glycol market may fluctuate upward slightly under the influence of supply and demand and raw materials.

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