1、 Price trend
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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 10066.67 yuan/ton at the beginning of the month to 8966.67 yuan/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 yesterday, down 58.30% from the cycle’s highest point of 103.61 (2021-09-22), and up 0.37% from the lowest point of 43.05 on November 28, 2022. (Note: the cycle refers to 2021-09-01 to now).
2、 Market analysis
The quotation of neopentyl glycol mainstream manufacturers fell sharply this 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 6600.00 yuan/ton at the beginning of the month to 6233.33 yuan/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 1383.33 yuan/ton at the beginning of the month to 1343.33 yuan/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.
3、 Future market forecast
The overall trend of neopentyl glycol market in the first half of December was mainly down due to slight shock. The upstream isobutyraldehyde and formaldehyde market declined slightly, and cost support weakened. The market price of downstream coatings is average, and the enthusiasm for downstream procurement is average. The neopentyl glycol analysts of the business community believe that the market price of neopentyl glycol in the short term may fluctuate slightly under the influence of supply and demand, raw materials and other aspects.
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