According to the Commodity Analysis System of Business Society, the domestic market price of neopentyl glycol fluctuated and increased in August. The average price of the mainstream market price of neopentyl glycol in China increased from 9350.00 yuan/ton at the beginning of the month to 9733.33 yuan/ton at the end of the month, an increase of 4.10%. The price at the end of the month decreased by 2.34% year-on-year. On August 30th, the new pentanediol commodity index was 46.91, unchanged from yesterday, a decrease of 54.72% from the cycle’s highest point of 103.61 points (2021-09-22), and an increase of 8.97% from the lowest point of 43.05 points on November 28th, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)

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

From a cost perspective, the market price of isobutyraldehyde slightly increased in August. The market price of isobutyraldehyde increased from 7900.00 yuan/ton at the beginning of the month to 8083.33 yuan/ton at the end of the month, an increase of 2.32%. At the end of the month, prices increased by 12.27% year-on-year. The factory price of formaldehyde in China slightly increased in August. The factory price of formaldehyde has increased from 1140.00 yuan/ton at the beginning of the month to 1216.67 yuan/ton at the end of the month, an increase of 6.73%. Overall, the upstream raw material market prices have slightly increased, and due to the impact of supply and demand, the support for the price of neopentyl glycol has increased.

Looking at the future market, the overall trend of new pentanediol in mid to early September may fluctuate slightly and rise mainly. The upstream market for isobutyraldehyde and formaldehyde has slightly increased, with good 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 gains due to various factors such as supply and demand, as well as raw materials.