SunSirs: Neopentyl Glycol in China Fell by 4.30% This Week (October 28-November 4)

Price trend

As can be seen from the figure above, the domestic neopentyl glycol market price fell slightly this week. This week, the average price of the mainstream market of neopentyl glycol in China fell from 10,066.67 RMB/ton at last weekend to 9,633.33 RMB/ton at this weekend, a decrease of 4.30%.

On November 6, the neopentyl glycol commodity index was 46.59, unchanged from the previous day, down 55.03% from the highest point of 103.61 points (2021-09-22) in the cycle, and up 0.34% from the lowest point of 46.43 points on November 4, 2022. (Note: Period refers to 2021-09-01 to now)

Analysis review

The price of neopentyl glycol of mainstream manufacturers fell slightly this week: The selling price of Jinan Aochen Wanhua’s neopentyl glycol at the weekend was 9,500 RMB/ton, a drop of 500 RMB/ton compared with last weekend; The distribution price of Zibo Dehe Chengfeng’s neopentyl glycol at the weekend was 9,500 RMB/ton, a drop of 300 RMB/ton compared with last weekend. The selling price of Shandong Kemike’s neopentyl glycol at the weekend was 9,900 RMB/ton, a drop of 500 RMB/ton compared with last weekend.

From the perspective of neopentyl glycol upstream raw material market, the domestic isobutyraldehyde market price fell slightly this week. This week, the average price of domestic isobutyraldehyde mainstream market fell from 7,033.33 RMB/ton at last weekend to 6,833.33 RMB/ton at this weekend, down 2.84%. The upstream raw material market price fell slightly, and the cost support weakened. Affected by the supply and demand side, the price of neopentyl glycol was negatively affected.

Market outlook

Neopentyl glycol market trend in the middle and late November may fluctuate downward slightly. The upstream isobutyraldehyde market declined slightly, the cost support weakened, the downstream paint market was in general, and the downstream purchasing enthusiasm weakened. The neopentyl glycol analysts of SunSirs believe that the market price of neopentyl glycol in the short term may fluctuate downward slightly under the influence of supply and demand, raw materials and other aspects.

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