1、 Price trend
According to the commodity analysis system of the business community, the price of neopentyl glycol in the domestic market was adjusted at a high level this week. The average price of the mainstream market of neopentyl glycol in China this week was 10766.67 yuan/ton. Weekend prices fell by 38.24% year-on-year. On May 16th, the new pentanediol commodity index was 51.24, a decrease of 0.65 points 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 was temporarily stable this week.
From the perspective of neopentyl glycol upstream raw material market, the domestic isobutyraldehyde market price fell sharply this week. The average price of domestic isobutyraldehyde mainstream market fell from 10400.00 yuan/ton at the beginning of the week to 9166.67 yuan/ton at the end of the week, a decline of 11.86%. Weekend prices fell 40.35% 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 mid to 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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