This week, the domestic polycrystalline silicon market continued to rebound and gradually stabilized. According to the Commodity Market Analysis System of Business Society, polycrystalline silicon experienced a weekly decline of 1.73%. At present, the mainstream range of single crystal dense materials with a model of first grade solar energy is maintained at 67000 to 78000 yuan/ton.

On the supply side, there has been little change in silicon material manufacturers’ operations, but inventory has continued to digest due to the improvement in downstream demand. Currently, most silicon material enterprises have signed long-term orders next month, and some retail orders continue to rise slightly due to tight market supply; Downstream silicon wafers have seen a rebound in demand for silicon materials. The easing of supply pressure is the main reason for the slight rebound in silicon material prices.

On the demand side, the downstream silicon wafer operating rate remains high, bringing stable incremental demand for silicon materials. The recent high temperature power restrictions have little impact on the actual output of silicon wafers. Silicon wafer companies operate at high operating rates, resulting in an increase in silicon wafer inventory, which may hinder prices in the later stages; From the perspective of terminal demand, there is no significant increase in the procurement demand for silicon wafers in the battery and component sectors; And the export sector still faces uncertain prospects. This may result in the price increase of silicon material being difficult to maintain for too long.

Future Market Forecast: The supply pressure in the silicon material market has continued to ease in the near future, but demand has not improved significantly. Therefore, silicon material prices have only slightly rebounded and there has been no retaliatory rebound. Polycrystalline silicon analysts from Business Society believe that prices are expected to maintain a narrow adjustment pattern in the near future, and there is insufficient momentum for a significant upward trend.

According to the commodity analysis system of the business community, the price of Neopentyl glycol in the domestic market fell sharply in July, and the average price of Neopentyl glycol in the mainstream market fell from 9500.00 yuan/ton at the beginning of the month to 9350.00 yuan/ton at the end of the month, down 1.58%. The price at the end of the month decreased by 15.51% year-on-year. On July 30, the Neopentyl glycol commodity index was 44.50, unchanged from yesterday, down 57.05% from the cycle’s highest point of 103.61 (2021-09-22), and up 3.37% from the lowest point of 43.05 on November 28, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)

From the supply side, the quotations of mainstream Neopentyl glycol manufacturers rose and fell with each other this month.

From the cost side, the market price of Isobutyraldehyde rose sharply in July. The market price of Isobutyraldehyde rose from 7000.00 yuan/ton at the beginning of the month to 7666.67 yuan/ton at the end of the month, up 9.52%. At the end of the month, prices increased by 5.50% year-on-year. The factory price of formaldehyde in China slightly increased in July. The factory price of formaldehyde has increased from 1076.67 yuan/ton at the beginning of the month to 1140.00 yuan/ton at the end of the month, an increase of 5.88%. On the whole, the price of upstream raw materials market rose slightly, which increased the price support for Neopentyl glycol due to the influence of supply and demand.

In the future, the overall trend of Neopentyl glycol market in the first ten days of August may be dominated by slight fluctuations. The upstream market of Isobutyraldehyde and formaldehyde rose slightly, with good cost support. The downstream paint market is average, and the enthusiasm for downstream procurement has weakened. The Neopentyl glycol analysts of the business agency believe that the short-term Neopentyl glycol market is dominated by a small increase in market prices due to the impact of supply and demand, raw materials and other aspects.