Price trend
According to the monitoring of SunSirs, the domestic neopentyl glycol market price fell slightly this week. The average price of domestic neopentyl glycol mainstream market this week fell from 12,233.33 RMB/ton at the end of last week to 11,200.00 RMB/ton at the end of this week, a decrease of 8.45%.On July 17, the neopentyl glycol Commodity Index was 53.98, the same as previous day, setting a record low in the cycle and a decrease of 47.90% from the highest point of 103.61 point on September 22, 2021. (Note: The cycle refers to 2021-09-01 to the present)Analysis review
The price of mainstream neopentyl glycol of manufacturers dropped this week: Jinan Aochen Wanhua's neopentyl glycol weekend distribution price was 12,000 RMB/ton, compared with last weekend, the quotation fell by 1,200 RMB/ton; Zibo Deshefeng's neopentyl glycol weekend distribution price was 10,800 RMB/ton, compared with last weekend, the quotation dropped by 200 RMB/ton; The price of mainstream neopentyl glycol manufacturers dropped this week: Kemike Shandong's neopentyl glycol weekend distribution price was 10,800 RMB/ton, compared with last weekend, the quotation fell.
From the perspective of the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price stopped falling this week and rose. This week, the domestic mainstream market price of isobutyraldehyde rose from 7,366.67 RMB/ton last weekend to 7,933.33 RMB/ton this weekend, an increase of 7.69%. The price of upstream raw materials market stopped falling and rose, and the cost support was strengthened. Affected by the supply and demand side, it had a positive impact on the price of neopentyl glycol.
Market outlook
In the middle and late July, the trend of neopentyl glycol market may fluctuate upward slightly. The upstream isobutyraldehyde market rose slightly, the cost support was strengthened, the downstream coatings market was general, and the downstream purchasing enthusiasm weakened. The neopentyl glycol analyst of SunSirs believes that under the influence of supply and demand and raw materials in the short term, the neopentyl glycol market may fluctuate up slightly.
