1、 Price trend
According to the Commodity Analysis System of Business Society, the domestic market price of new pentanediol has slightly increased this week. This week, the average price of new pentanediol in the mainstream domestic market increased from 9800 yuan/ton at the beginning of the week to 9875 yuan/ton over the weekend, an increase of 0.77%. The weekend price increased by 8.12% year-on-year. On January 7th, the new pentanediol commodity index was 47.59, unchanged from yesterday, a decrease of 54.07% from the highest point in the cycle of 103.61 points (2021-09-22), and an increase of 10.55% from the lowest point of 43.05 points on November 28th, 2022. (Note: The cycle refers to the period from September 1, 2021 to present)
2、 Market analysis
The mainstream market price of new pentanediol has slightly increased this week.
From the upstream raw material market of neopentyl glycol, the price of isobutyraldehyde in the domestic market has slightly increased this week. This week, the average price of isobutyraldehyde in the mainstream domestic market increased from 8233.33 yuan/ton at the beginning of the week to 8433.33 yuan/ton over the weekend, an increase of 2.43%, and the weekend price increased by 25.25% year-on-year. The upstream raw material market prices have slightly increased, with good cost support. However, due to the impact of supply and demand, it has a positive impact on the price of new pentanediol.
3、 Future prospects
In mid to late January, the trend of the new pentanediol market may fluctuate slightly and rise mainly. The upstream isobutyraldehyde market has slightly increased, with good cost support. The downstream paint market is average, and downstream procurement enthusiasm is average. Business Society’s new pentanediol analyst believes that in the short term, the market for new pentanediol may experience slight fluctuations and increases due to various factors such as supply and demand and raw materials.
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