May saw a significant increase in quotes from new pentanediol companies
According to the Commodity Market Analysis System of Shengyishe, as of May 28th, the quotation for new pentanediol was 10700 yuan/ton, an increase of 7.36% compared to the quotation of 9966.67 yuan/ton on May 1st. The prices of new pentanediol enterprises have significantly increased, with Yantai Wanhua’s new pentanediol prices rising to 11100-11300 yuan/ton, and Luxi Chemical’s new pentanediol prices rising to 9850 yuan/ton. In May, the prices of major new pentanediol manufacturers increased by 1200-1300 yuan/ton, with strong cost support. The new pentanediol market is operating stronger, and the inventory of new pentanediol factories is low. Currently, orders are scheduled until next month. The supply of goods on site is tight, and the inquiry atmosphere is strong. Traders are reluctant to sell in stock, resulting in an increase in the market price of new pentanediol.
The price of raw material isobutyraldehyde has significantly increased
According to the Commodity Market Analysis System of Shengyishe, as of May 28th, the domestic quotation for isobutyraldehyde was 8675 yuan/ton, an increase of 13.40% from the price of 7650 yuan/ton on May 1st. The price of propylene has stabilized at a high level, while the cost support for isobutyraldehyde remains strong; Low inventory of isobutyraldehyde manufacturers, resulting in a significant increase in isobutyraldehyde prices in May; Downstream demand support, manufacturers have a strong willingness to ship, and the price of isobutyraldehyde has significantly increased.
Raw material formaldehyde prices fluctuate and rise
According to the Commodity Market Analysis System of Business Society, as of May 28th, the domestic formaldehyde quotation was 1242.50 yuan/ton, an increase of 2.47% compared to the formaldehyde price of 1212.50 yuan/ton on May 1st. In May, the price of raw material methanol fluctuated significantly and increased, with strong cost support. In the latter half of the year, the price of methanol fell, and the cost support for formaldehyde decreased; Downstream rigid demand procurement, formaldehyde prices fluctuate and rise. Cost support, there is still momentum for the price increase of neopentyl glycol.
Market Overview and Forecast
According to analysts from Shengyishe, in terms of cost, formaldehyde prices have fluctuated and risen, while isobutyraldehyde prices have significantly increased. The cost of new pentanediol has also increased. 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 has increased. 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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