1、 Price trend
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 the mainstream market of neopentyl glycol in China dropped from 10766.67 yuan/ton at the beginning of the week to 10633.33 yuan/ton at the end of the week, a decrease of 1.24%. Weekend prices fell by 36.83% year-on-year. On May 21, the new pentanediol commodity index was 51.24, unchanged from yesterday, a decrease of 50.55% from the cycle’s highest point of 103.61 points (2021-09-22), and an increase of 19.02% from the lowest point of 43.05 points 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 fell sharply this week. This week, the average price of domestic isobutyraldehyde mainstream market fell from 9200.00 yuan/ton at the beginning of the week to 8533.33 yuan/ton at the end of the week, a decline of 7.25%. Weekend prices fell 47.65% year-on-year. The price of upstream raw material market fell sharply, and the cost support weakened. Affected by the supply and demand, the price of neopentyl glycol was negatively affected.
3、 Future prospects
In late May, the trend of the new pentanediol market may fluctuate slightly and decline mainly. The upstream isobutyraldehyde market has significantly declined, and cost support has weakened. The downstream paint market is average, and the enthusiasm for downstream procurement is average. Analysts from Business Society believe that in the short term, the market for new pentanediol may experience slight fluctuations and declines due to various factors such as supply and demand, as well as raw materials.
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