Cost support, with a 0.63% increase in the price of new pentanediol within the week

1、 Price trend

Upstream cost support has increased, downstream paint demand is average, and the domestic market price of neopentyl glycol has slightly increased this week. According to the Commodity Analysis System of Business Society, the average price of new pentanediol in the mainstream domestic market increased from 10600 yuan/ton at the beginning of the week to 10666.67 yuan/ton over the weekend, an increase of 0.63%, and the weekend price decreased by 1.84% year-on-year.

2、 Market analysis

This week, new pentanediol enterprises started construction at a high level, and mainstream market prices slightly increased.

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 8900 yuan/ton at the beginning of the week to 9000 yuan/ton over the weekend, an increase of 1.12%. The weekend price increased by 23.85% year-on-year. The upstream isobutyraldehyde has a strong center of gravity, with a slight increase in market prices and good cost support. Due to the impact of supply and demand, it has a positive impact on the price of new pentanediol. From the perspective of downstream demand, the recovery of the downstream paint industry is slow, and demand remains weak. The enterprise has a strong wait-and-see atmosphere, with a focus on essential procurement.

3、 Future prospects

In mid to late March, the trend of the new pentanediol market may fluctuate slightly and rise mainly. The upstream isobutyraldehyde market has slightly increased, with increased cost support. The downstream paint market has a strong wait-and-see atmosphere, with enterprises mainly focusing on procurement for immediate needs. 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.