1、 Price trend
According to the Commodity Analysis System of Business Society, the domestic market price of neopentyl glycol has slightly decreased this week. This week, the average price of the mainstream domestic market for neopentyl glycol dropped from 10600.00 yuan/ton at the beginning of the week to 10525.00 yuan/ton at the weekend, a decrease of 0.71%, and the weekend price increased by 8.88% year-on-year. On November 7th, the new pentanediol commodity index was 50.24, a decrease of 0.48 points from yesterday, a decrease of 51.51% from the cycle’s highest point of 103.61 points (2021-09-22), and an increase of 16.70% from the lowest point of 43.05 points on November 28th, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)
2、 Market analysis
This week, the mainstream market price of neopentyl glycol slightly decreased.
From the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price has significantly decreased this week. This week, the average price of isobutyraldehyde in the mainstream domestic market dropped from 8300.00 yuan/ton at the beginning of the week to 7933.33 yuan/ton at the weekend, a decrease of 4.42%, and the weekend price increased by 16.10% year-on-year. The upstream raw material market prices have significantly decreased, with insufficient cost support. Due to the impact of supply and demand, it has a negative impact on the price of neopentyl glycol.
3、 Future prospects
In mid November, the market trend of new pentanediol may fluctuate slightly and decline mainly. The upstream isobutyraldehyde market has significantly declined, with insufficient cost support. The downstream paint market is average, and the enthusiasm for downstream procurement is average. Analysts from Business Society believe that in the short term, the market for new pentanediol may experience slight fluctuations and declines due to various factors such as supply and demand, as well as raw materials.
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