SunSirs: The domestic neopentyl glycol market price fell by another 13.77% in July

1. Price trend

As can be seen from the above figure, the domestic market price of neopentyl glycol continued to fall this month, and the average price of domestic neopentyl glycol mainstream market dropped from 12,833.33 yuan/ton at the beginning of the month to 11,066.67 yuan/ton at the end of the month, a drop of 13.77%. . On July 28, the neopentyl glycol commodity index was 53.33, the same as yesterday, setting a record low in the cycle, and a drop of 48.53% from the highest point of 103.61 on September 22, 2021. (Note: The cycle refers to 2021-09-01 to the present).

Second, market analysis

The quotations of mainstream manufacturers of neopentyl glycol dropped slightly this month: the distribution price of neopentyl glycol at the end of the month in Chongqing Kaiyin Jihua was 11,000 yuan/ton, which was 1,500 yuan/ton lower than that at the beginning of the month; Jinan Aochenwan The distribution price of Huaxinpentyl Glycol at the end of the month is 11,200 yuan/ton, which is 2,800 yuan/ton lower than that at the beginning of the month. 1000 yuan/ton

From the perspective of the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price fluctuated and fell this month. The price of isobutyraldehyde dropped from 8466.67 yuan/ton at the beginning of the month to 7266.67 yuan/ton at the end of the month, a drop of 14.17%. The ex-factory price of formaldehyde in China fell slightly this month. The price of formaldehyde dropped from 1270.00 yuan/ton at the beginning of the month to 1206.67 yuan/ton at the end of the month, a drop of 4.99%. The market price of upstream raw materials has fallen sharply, which has a negative impact on the price of neopentyl glycol due to the influence of supply and demand.

3. Outlook

In the middle and early August, the overall trend of the neopentyl glycol market may fluctuate slightly and rise. The upstream isobutyraldehyde market has an upward trend at the end of the month, and the cost support has improved. The downstream coating market is average, and the downstream purchasing enthusiasm is average. Neopentyl glycol analysts at SunSirs believe that the short-term neopentyl glycol market may fluctuate slightly and rise mainly under the influence of supply, demand and raw materials.

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