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 fell slightly this week. This week, the average price of Neopentyl glycol in the domestic mainstream market dropped from 9600.00 yuan/ton at the beginning of the week to 9566.67 yuan/ton at the end of the week, a drop of 0.35%. Weekend prices fell by 21.80% year-on-year. On July 10, the Neopentyl glycol commodity index was 46.10, unchanged from yesterday, 55.51% lower than the cycle’s highest point of 103.61 (2021-09-22), and 7.08% higher than the lowest point of 43.05 on November 28, 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 fell slightly this week.
From the perspective of Neopentyl glycol upstream raw material market, the domestic Isobutyraldehyde market price rose slightly this week. This week, the average price of Isobutyraldehyde in the domestic mainstream market rose from 7033.33 yuan/ton at the beginning of the week to 7166.67 yuan/ton at the end of the week, up 1.90%. Weekend prices fell by 2.71% year-on-year. The price of upstream raw material market rose slightly, with good cost support. Affected by the supply and demand side, the price of Neopentyl glycol was positively affected.
3、 Future prospects
The market trend of Neopentyl glycol in the middle and late July may rise slightly. The upstream Isobutyraldehyde market rose slightly, and cost support increased. The downstream paint market is average, and the enthusiasm for downstream procurement is average. The Neopentyl glycol analysts of the business agency believe that the short-term Neopentyl glycol market is dominated by a small increase in market prices due to the impact of supply and demand, raw materials and other aspects.
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