1、 Price trend
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It can be seen from the above figure that the market price of domestic neopentyl glycol fluctuated and fell this month. The average price of the mainstream market of domestic neopentyl glycol dropped from 10900.00 yuan / ton at the beginning of the month to 9966.67 yuan / ton at the end of the month, a decrease of 8.56%. On August 31, the neopentyl glycol commodity index was 48.03, which was the same as yesterday, down 53.64% from the highest point 103.61 in the cycle (September 22, 2021), and up 3.09% from the lowest point 46.59 on August 20, 2022. (Note: the period refers to September 1, 2021 to now).
2、 Market analysis
This month, the quotations of mainstream manufacturers of neopentyl glycol decreased slightly
From the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price fluctuated and fell. The price of isobutyraldehyde decreased from 7300.00 yuan / ton at the beginning of the month to 7200.00 yuan / ton at the end of the month, a decrease of 1.37%. The factory price of domestic formaldehyde increased slightly this month. The price of formaldehyde decreased from 1206.67 yuan / ton at the beginning of the month to 1253.33 yuan / ton at the end of the month, an increase of 3.87%. The market prices of upstream raw materials rise and fall. Affected by the supply and demand side, it has a negative impact on the price of neopentyl glycol.
3、 Future forecast
The overall trend of the neopentyl glycol market in the middle and early September may be dominated by a small fluctuation. At the end of the month, the market price of isobutyraldehyde in the upstream has an upward trend, the cost support has improved, the market price of the downstream coating is general, and the purchasing enthusiasm of the downstream is general. Analysts of neopentyl glycol of business club believe that under the influence of supply and demand and raw materials, the short-term neopentyl glycol market may rise slightly.
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