SunSirs: In November, the Domestic Neopentyl Glycol Price Fell by 10.93%

Price trend

As can be seen from the figure above, the domestic neopentyl glycol market price fell sharply this month, and the average price of the domestic neopentyl glycol mainstream market fell from 10,066.67 RMB/ton at the beginning of the month to 8,966.67 RMB/ton at the end of the month, a decline of 10.93%.

On November 29, the neopentyl glycol commodity index was 43.21, up 0.16 points from the previous day, down 58.30% from the cycle's highest point of 103.61 points (2021-09-22), and up 0.37% from the lowest point of 43.05 points on November 28, 2022. (Note: the cycle refers to 2021-09-01 to now).

Analysis review

The quotation of mainstream neopentyl glycol manufacturers fell sharply this month: the selling price of neopentyl glycol of Shandong Kaimi Chemical Co., Ltd. at the end of the month was 8,900 RMB/ton, which was 1,500 RMB/ton lower than that at the beginning of the month; The selling price of neopentyl glycol of Jinan Aochen Wanhua at the end of the month was 9,000 RMB/ton, which was 1,000 RMB/ton lower than that at the beginning of the month; The selling price of neopentyl glycol of Zibo Dehe Chengfeng at the end of the month was 9,800 RMB/ton, which was 800 RMB/ton lower than that at the beginning of the month.

From the perspective of neopentyl glycol upstream raw material market, the domestic isobutyraldehyde market price fell slightly this month. The price of isobutyraldehyde dropped from 6,600.00 RMB/ton at the beginning of the month to 6,233.33 RMB/ton at the end of the month, a decrease of 5.56%. The factory price of formaldehyde in China fell slightly this month. The price of formaldehyde fell from 1,383.33 RMB/ton at the beginning of the month to 1,343.33 RMB/ton at the end of the month, a decrease of 2.89%. The price of upstream raw material market fell slightly, and the price support for neopentyl glycol was insufficient due to the influence of supply and demand.

Market outlook

The overall trend of neopentyl glycol market in early and mid December was dominated by small drops in shock. The upstream isobutyraldehyde and formaldehyde market declined slightly, and cost support weakened. The market price of downstream coatings was average, and the enthusiasm for downstream procurement was average. The neopentyl glycol analysts of SunSirs believe that the market price of neopentyl glycol in the short term may fluctuate downward slightly mainly under the influence of supply and demand, raw materials and other aspects.

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