Price increase of neopentyl glycol enterprises
According to the Commodity Market Analysis System of Shengyishe, as of May 22, the price of neopentyl glycol was quoted at 10650 yuan/ton, an increase of 5.45% compared to the price of 10100 yuan/ton quoted on May 15. The quotation of neopentyl glycol enterprises has significantly increased, with strong cost support. The neopentyl glycol market is operating strongly, and the inventory of neopentyl glycol factories is low. Currently, orders are being scheduled until next month. The supply of goods on site is tight, and the inquiry atmosphere is strong. Traders are reluctant to sell spot goods, resulting in an increase in the price of neopentyl glycol in the market.
The price of raw material isobutyraldehyde fluctuates and rises
According to the Commodity Market Analysis System of Shengyishe, as of May 22nd, the domestic isobutyraldehyde quotation was 8525 yuan/ton, a fluctuating increase of 8.95% compared to the isobutyraldehyde price of 7825 yuan/ton on May 13th; Compared to May 1st, the price of isobutyraldehyde increased by 11.44% to 7650 yuan/ton. This week, the price of isobutyraldehyde has surged, supported by downstream demand, and manufacturers have a strong willingness to ship. The price of isobutyraldehyde has stabilized after rising.
Raw material formaldehyde prices fluctuate and rise
According to the Commodity Market Analysis System of Shengyishe, as of May 22nd, the domestic formaldehyde quotation was 1245 yuan/ton, an increase of 0.61% compared to the formaldehyde price of 1237.5 yuan/ton on May 15th; Compared to May 1st, the price of formaldehyde increased by 2.68% 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 remained stable at high levels, with strong cost support and fluctuating prices. Cost support, there is still momentum for the price increase of neopentyl glycol.
Market Overview and Forecast
An analyst at Shengyishe believes that in terms of cost, formaldehyde and isobutyraldehyde prices have fluctuated and risen, while the cost of new pentanediol has increased significantly. In terms of supply and demand, the fundamentals of new pentanediol are relatively balanced, with low inventory in new pentanediol factories and tight supply on the market. Under the stimulation of buying up but not buying down, new pentanediol traders are reluctant to sell, and the support for the price increase of new pentanediol is increasing. Overall, the cost support for neopentyl glycol has weakened, neopentyl glycol manufacturers are reluctant to sell, neopentyl glycol supply is tight, and downstream demand support is limited. It is expected that the price of neopentyl glycol will remain strong and stable in the future.
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