Price increase of new pentanediol enterprises
| Gamma-PGA (gamma polyglutamic acid) |
According to the Commodity Market Analysis System of Shengyishe, as of May 15th, the price of new pentanediol was quoted at 10100 yuan/ton, an increase of 1.34% compared to the price of 9966.67 yuan/ton quoted on May 1st. In May, prices of new pentanediol enterprises increased. The rising cost of raw materials and the tightening of market supply have increased the driving force for the price increase of new pentanediol.
The price of raw material isobutyraldehyde first fell and then rose
According to the Commodity Market Analysis System of Shengyishe, as of May 15th, the domestic quotation for isobutyraldehyde was 8050 yuan/ton, which decreased first and then increased compared to May 7th’s isobutyraldehyde price of 7975 yuan/ton, with an increase of 0.94%; The price of isobutyraldehyde has increased by 2.88% compared to 7825 yuan/ton on May 11th; Compared to May 1st, the price of isobutyraldehyde increased by 5.23% to 7650 yuan/ton. After the holiday, the price of isobutyraldehyde rose sharply, but downstream demand support was limited, and the price of isobutyraldehyde fell from a high level. However, as the price of isobutyraldehyde fell, manufacturers’ willingness to ship decreased, the supply of isobutyraldehyde tightened, and the price of isobutyraldehyde rebounded and rose.
The price of raw material formaldehyde has increased
According to the Commodity Market Analysis System of Business Society, as of May 15th, the domestic formaldehyde quotation was 1237.50 yuan/ton, an increase of 1.02% from the formaldehyde price of 1225 yuan/ton on May 7th; Compared to May 1st, the price of formaldehyde increased by 2.06% to 1212.50 yuan/ton. In May, the price of raw material methanol increased significantly, with strong cost support. Downstream purchases remained in demand, while formaldehyde prices followed the changes in methanol. Methanol prices fell from high levels, while formaldehyde prices showed weak follow-up. Formaldehyde prices also slightly declined. Cost support weakened, while support for the price increase of new pentanediol remains.
Market Overview and Forecast
An analyst at Shengyishe believes that in terms of cost, the prices of formaldehyde and isobutyraldehyde have fluctuated and increased, while the cost of new pentanediol has increased. In terms of supply and demand, the fundamentals of new pentanediol are relatively balanced, and some new pentanediol manufacturers are closing their stocks and reluctant to sell. The support for the price increase of new pentanediol is increasing. Overall, the cost support for neopentyl glycol is increasing, neopentyl glycol manufacturers are reluctant to sell, neopentyl glycol supply is tightening, and downstream demand support is limited. It is expected that the price of neopentyl glycol will fluctuate and rise in the future.
| http://www.lubonchem.com/ |