1. Price trend
As can be seen from the above chart, the domestic neopentyl glycol market price dropped slightly this week. This week, the average price of neopentyl glycol in the domestic mainstream market dropped from 11,200.00 yuan/ton at the end of last week to 11,066.67 yuan/ton at the end of this week, a decrease of 1.19%. On July 24, 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 now)
Second, market analysis
The price of mainstream neopentyl glycol manufacturers fell this week: Jinan Aochen Wanhua’s weekend distribution price of neopentyl glycol was 11,200 yuan/ton, compared with last weekend, the quotation dropped by 800 yuan/ton; Zibo Desynthetic Fengxin The weekend distribution price of pentylene glycol is 11,000 yuan/ton, which is 200 yuan/ton higher than last weekend. The weekend distribution price of Kemico Shandong neopentyl glycol is 11,000 yuan/ton, which is 200 yuan/ton higher than last weekend.
From the perspective of the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price fell slightly this week. This week, the average price of isobutyraldehyde in the domestic mainstream market dropped from 8466.67 yuan/ton at the beginning of the week to 8000.00 yuan/ton at the end of this week, a drop of 5.51%. The market price of upstream raw materials fell slightly, and the cost support weakened. Affected by the supply and demand side, it had a negative impact on the price of neopentyl glycol.
3. Outlook
In the second half of July, the market trend of neopentyl glycol may fluctuate slightly and fall mainly. The upstream isobutyraldehyde market fell slightly, cost support weakened, the downstream coatings market was average, and downstream procurement enthusiasm weakened. Neopentyl glycol analysts of SunSirs believe that the short-term neopentyl glycol market may fluctuate slightly and fall mainly under the influence of supply, demand and raw materials.
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