1、 Price trend
According to the Commodity Analysis System of the Business Society, the domestic market price of neopentyl glycol has slightly increased this week. This week, the average price of the mainstream domestic market for neopentyl glycol increased from 10400.00 yuan/ton at the beginning of the week to 10600.00 yuan/ton at the weekend, an increase of 1.92%, and the weekend price increased by 4.95% year-on-year. On October 22, the new pentanediol commodity index was 51.08, unchanged from yesterday, a decrease of 50.70% from the cycle’s highest point of 103.61 points (2021-09-22), and an increase of 18.65% 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
This week, the mainstream market prices of new pentanediol have fluctuated.
From the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price slightly decreased this week. This week, the average price of isobutyraldehyde in the mainstream domestic market dropped from 8833.33 yuan/ton at the beginning of the week to 8566.67 yuan/ton at the weekend, a decrease of 3.02%, and the weekend price increased by 26.60% year-on-year. The upstream raw material market prices have slightly declined, with insufficient cost support. Due to the impact of supply and demand, it has a negative impact on the price of new pentanediol.
3、 Future prospects
In late October, the trend of the new pentanediol market may fluctuate slightly and decline mainly. The upstream isobutyraldehyde market slightly declined, with insufficient cost support. 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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