1、 Price trend

According to the commodity analysis system of the business community, the domestic neopentyl glycol market price was adjusted at a low level this week. The average price of the mainstream market of neopentyl glycol in China this week was 10433.33 yuan/ton. Weekend prices fell by 38.02% year-on-year. On June 5th, the isobutyraldehyde commodity index was 36.38, a decrease of 1.35 points from yesterday, a decrease of 65.54% from the cycle’s highest point of 105.58 points (2021-09-16), and an increase of 20.78% from the lowest point of 30.12 points on October 7th, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)

2、 Market analysis

The price of neopentyl glycol in the mainstream market was temporarily stable this week.

From the perspective of neopentyl glycol upstream raw material market, the domestic isobutyraldehyde market price fell slightly this week. The average price of domestic isobutyraldehyde mainstream market fell from 7700.00 yuan/ton at the beginning of the week to 7433.33 yuan/ton at the end of the week, a decrease of 3.46%. Weekend prices fell by 53.15% year-on-year. The price of upstream raw material market fell slightly, and the cost support weakened. Affected by the supply and demand side, the price of neopentyl glycol was negatively affected.

3、 Future prospects

In mid to late June, the trend of the new pentanediol market may fluctuate slightly and decline mainly. The upstream isobutyraldehyde market slightly declined, and cost support weakened. The downstream paint market is average, and the enthusiasm for downstream procurement is average. 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.