Domestic neopentyl glycol fell 2.98% (3.4-3.10) this week

1、 Price trend

It can be seen from the above figure that the domestic market price of neopentyl glycol fell slightly this week. This week, the average price of the domestic mainstream market of neopentyl glycol dropped from 11200.00 yuan/ton at the end of last week to 10866.67 yuan/ton at the end of this week, a decrease of 2.98%. Compared with the same period last year, it fell 42.30% year on year. The neopentyl glycol commodity index on March 12 was 52.37, which was the same as yesterday, down 49.45% from the cycle’s highest point of 103.61 (2021-09-22), and up 21.65% from the lowest point of 43.05 on November 28, 2022. (Note: the period refers to the period from September 1, 2021 to now)

2、 Market analysis

This week, the prices of mainstream manufacturers of neopentyl glycol fell slightly.

From the perspective of the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price fell first and then rose this week. This week, the average price of domestic isobutyraldehyde in the mainstream market fell from 7300 yuan/ton at the end of last week to 7100.00 yuan/ton on March 8, down 2.74%. Then it rose to 7266.67 yuan/ton at the end of the week, up 2.35%. Overall, the price of isobutyraldehyde fell 0.46% this week. Compared with the same period last year, it fell 48.58% year-on-year. The market price of upstream raw materials fell slightly, and the cost support was general. Affected by the supply and demand side, it had a negative impact on the price of neopentyl glycol.

3、 Future prospects

In the middle and late March, the market trend of neopentyl glycol may fall slightly. The upstream isobutyraldehyde market has a downward trend over the weekend, with general cost support. The downstream paint market is general, and the enthusiasm of downstream procurement is weakened. The neopentyl glycol analyst of the business agency believes that the short-term neopentyl glycol market is mainly affected by supply and demand, raw materials and other factors, and the market price may fall slightly.