1、 Price trend
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According to the commodity analysis system of the business agency, the price of neopentyl glycol in the domestic market rose slightly this week. This week, the average price of the mainstream market of neopentyl glycol in China rose from 10266.67 yuan/ton at the beginning of the week to 10766.67 yuan/ton at the end of the week, up 4.87%. Weekend prices fell by 37.88% year-on-year. On May 8th, the new pentanediol commodity index was 51.89, unchanged from yesterday, a decrease of 49.92% from the cycle’s highest point of 103.61 points (2021-09-22), and an increase of 20.53% 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
The price of neopentyl glycol in the mainstream market rose slightly this week.
From the perspective of neopentyl glycol upstream raw material market, the domestic isobutyraldehyde market price rose sharply this week. This week, the average price of domestic isobutyraldehyde mainstream market rose from 7433.33 yuan/ton at the beginning of the week to 9516.67 yuan/ton at the end of the week, up 28.03%. Weekend prices fell by 37.25% year-on-year. The price of upstream raw materials market rose sharply, with good cost support. Affected by the supply and demand, it has a positive impact on the price of neopentyl glycol.
3、 Future prospects
In mid to early May, the market trend of new pentanediol may fluctuate slightly and rise mainly. The upstream isobutyraldehyde market has seen a significant increase, with good cost support. The downstream paint market is average, and the enthusiasm for downstream procurement has weakened. Analysts from Business Society believe that in the short term, the market for new pentanediol may experience slight fluctuations and gains due to various factors such as supply and demand, as well as raw materials.
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