1、 Price trend
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It can be seen from the above figure that the domestic market price of neopentyl glycol is temporarily stable this week. This week, the average price of neopentyl glycol in the mainstream market in China was 9133.33 yuan/ton. Compared with the same period last year, it fell 38.7% year-on-year. The neopentyl glycol commodity index on January 8 was 44.02, which was the same as yesterday, down 57.51% from the cycle’s highest point of 103.61 (2021-09-22), and up 2.25% from the lowest point of 43.05 on November 28, 2022. (Note: the period refers to the period from September 1, 2021 to now)
2、 Market analysis
The price of the mainstream manufacturers of neopentyl glycol is temporarily stable this week: the distribution price of neopentyl glycol at the weekend of Jinan Aochen Wanhua is 9000 yuan/ton, which is temporarily stable compared with that at the weekend of last week; The distribution price of Zibo De Synthetic Fengxin Pentylenediol at the weekend was 9200 yuan/ton, which was temporarily stable compared with that at the end of last week. The distribution price of Shandong Kemico Neopentyl Glycol at the weekend is 9200 yuan/ton, which is temporarily stable compared with that at the end of last week.
From the perspective of the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price rose slightly this week. The average price of domestic isobutyraldehyde in the mainstream market rose from 6466.67 yuan/ton at the end of last week to 6733.33 yuan/ton at the end of this week, up 4.12%. The market price of upstream raw materials rose slightly, and the cost support increased. Affected by the supply and demand side, it had a positive impact on the price of neopentyl glycol.
3、 Future prospects
In the middle and late January, the market trend of neopentyl glycol may fluctuate slightly. The upstream isobutyraldehyde market rose slightly, the cost support increased, the downstream paint market was general, and the downstream purchasing enthusiasm weakened. The neopentyl glycol analyst of the business agency believes that the short-term neopentyl glycol market is mainly affected by the supply and demand, raw materials and other aspects, and the market price may fluctuate slightly.
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