According to the commodity analysis system of the business community, the market price of domestic neopentyl glycol first rose and then fell in May, and the average price of the mainstream market of domestic neopentyl glycol first rose from 10266.67 yuan/ton on May 1 to 10766.67 yuan/ton on May 5, an increase of 4.87%. After a week of stable operation, the fluctuation dropped to 10433.33 yuan/ton on May 31, a decrease of 3.10%. The price at the end of the month decreased by 38.02% year-on-year. Overall, the market price of neopentyl glycol rose 1.62% in May. On May 31, the new pentanediol commodity index was 50.28, unchanged from yesterday, a decrease of 51.47% from the cycle’s highest point of 103.61 points (2021-09-22), and an increase of 16.79% 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)

Market situation of domestic neopentyl glycol in May

From the supply side perspective, the prices quoted by mainstream manufacturers of neopentyl glycol have slightly increased this month.

From the cost side, the market price of isobutyraldehyde rose first and then fell in May. Some manufacturers stopped production for maintenance, and the market price of isobutyraldehyde rose from 7433.33 yuan/ton on May 1 to 10400.00 yuan/ton on May 8, an increase of 39.91%; Later, it fell to 7533.33 yuan/ton as of May 31, a decrease of 27.56%. Overall, the market price of isobutyraldehyde rose 1.35% in May. The price at the end of the month decreased by 75.33% year-on-year. The factory price of formaldehyde in China slightly decreased in May. The factory price of formaldehyde dropped from 1186.67 yuan/ton at the beginning of the month to 1123.33 yuan/ton at the end of the month, a decrease of 5.34%. On the whole, the price of upstream raw material market fell slightly, and the price support for neopentyl glycol was weak due to the influence of supply and demand.

Looking at the future market, the overall trend of the new pentanediol market in mid to early June may fluctuate slightly and decline mainly. The upstream isobutyraldehyde and formaldehyde markets have slightly declined, with insufficient cost support. The downstream paint market is average, and the enthusiasm for downstream procurement has weakened. 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.