1、 Price trend
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It can be seen from the above figure that the domestic market price of neopentyl glycol fell slightly this week. This week, the average price of domestic neopentyl glycol in the mainstream market fell from 12833.33 yuan / ton last weekend to 12233.33 yuan / ton this weekend, a decrease of 4.68%. On July 11, the neopentyl glycol commodity index was 58.96, unchanged from yesterday, hitting a new low in the cycle, down 43.09% from the peak of 103.61 on September 22, 2021. (Note: the period refers to 2021-09-01 to now)
2、 Market analysis
Prices of neopentyl glycol mainstream manufacturers fell this week
From the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price fell sharply this week. This week, the average price of isobutyraldehyde in the mainstream domestic market fell from 8466.67 yuan / ton last weekend to 7366.67 yuan / ton this weekend, a decrease of 12.99%. The market price of upstream raw materials fell sharply, and the cost support weakened. Affected by the supply and demand side, it had a negative impact on the price of neopentyl glycol.
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3、 Aftermarket forecast
In mid July, the market trend of neopentyl glycol may fluctuate slightly and fall mainly. The upstream isobutyraldehyde market fell sharply, the cost support weakened, the weather became hotter, the downstream coating market entered the off-season, and the downstream purchasing enthusiasm weakened. The neopentyl glycol analyst of business agency believes that under the influence of supply and demand, raw materials and other aspects of the short-term neopentyl glycol market, the market price may fluctuate slightly and fall mainly.
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