1、 Price trend

It can be seen from the above figure that the domestic market price of neopentyl glycol rose slightly this week. This week, the average price of the domestic mainstream market of neopentyl glycol rose from 10866.67 yuan/ton at the end of last week to 11033.33 yuan/ton at the end of this week, up 1.53%. Compared with the same period last year, the year-on-year decline was 45.29%. The commodity index of neopentyl glycol on February 19 was 53.17, which was the same as yesterday, down 48.68% from the cycle’s highest point of 103.61 (2021-09-22), and up 23.51% from the lowest point of 43.05 on November 28, 2022. (Note: the period refers to the period from September 1, 2021 to now)

2、 Market analysis

This week, the prices of mainstream manufacturers of neopentyl glycol rose slightly.

From the perspective of the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price fell sharply this week. This week, the average price of domestic isobutyraldehyde in the mainstream market fell from 8566.67 yuan/ton at the end of last week to 7400.00 yuan/ton at the end of this week, down 13.62%. There is still a downward trend over the weekend. The market price of upstream raw materials fell sharply, and the cost support was insufficient. Affected by the supply and demand side, the price of neopentyl glycol was negatively affected.

3、 Future prospects

In late February, the market trend of neopentyl glycol may fall slightly. The market price of isobutyraldehyde in the upstream fell sharply, and the cost support was insufficient. The downstream paint market is general, and the enthusiasm of downstream procurement is weakened. The neopentyl glycol analyst of the business agency believes that the short-term neopentyl glycol market is mainly affected by supply and demand, raw materials and other factors, and the market price may fall slightly.