SunSirs: Neopentyl Glycol in China Rose 0.37% This Week (November 26-December 02)

Price trend

As can be seen from the figure above, the domestic neopentyl glycol market price rose slightly this week. This week, the average price of the mainstream market of neopentyl glycol in China rose from 8,933.33 RMB/ton at last weekend to 8,966.67 RMB/ton at this weekend, up 0.37%. A year-on-year decrease of 47.25%.

On December 4, the neopentyl glycol commodity index was 43.21 points, unchanged 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: Period refers to 2021-09-01 to now)

Analysis review

The price of neopentyl glycol of mainstream manufacturers rose slightly this week: the distribution price of neopentyl glycol of Jinan Aochen Wanhua was 9,000 RMB/ton at the weekend, which was temporarily stable compared with last weekend; The distribution price of neopentyl glycol of Zibo Dehe Chengfeng at the weekend was 9,000 RMB/ton, which was 100 RMB/ton higher than that at the weekend. The selling price of nopentyl glycol ofShandong Kemike at the weekend was 8,900 RMB/ton, which was temporarily stable compared with last weekend.

From the perspective of neopentyl glycol upstream raw material market, the domestic isobutyraldehyde market price was temporarily stable this week. The average price of domestic isobutyraldehyde mainstream market this week was 6,233.33 RMB/ton. The market price of upstream raw materials was adjusted at a low level, with average cost support. Affected by the supply and demand side, the price of neopentyl glycol was negatively affected.

Market outlook

The market trend of neopentyl glycol in the middle and early of December may fluctuate downward slightly. The upstream isobutyraldehyde market was consolidated at a low level, with average cost support. The downstream paint market was in general, and the downstream purchasing enthusiasm was 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.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com