1、 Price trend

According to the commodity analysis system of the business agency, the domestic market price of Neopentyl glycol was temporarily stable this week. The average price of Neopentyl glycol in the domestic mainstream market this week is 9566.67 yuan/ton. Weekend prices fell 14.58% year-on-year. On July 17, the Neopentyl glycol commodity index was 46.10, unchanged from yesterday, 55.51% lower than the cycle’s highest point of 103.61 (2021-09-22), and 7.08% higher than the lowest point of 43.05 on November 28, 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 is temporarily stable this week.

From the perspective of Neopentyl glycol upstream raw material market, the domestic Isobutyraldehyde market price rose slightly this week. This week, the average price of Isobutyraldehyde in the domestic mainstream market rose from 7200.00 yuan/ton at the beginning of the week to 7333.33 yuan/ton at the end of the week, up 1.85%. Weekend prices fell by 7.56% year-on-year. The price of upstream raw material market rose slightly, with good cost support. Affected by the supply and demand side, the price of Neopentyl glycol was positively affected.

3、 Future prospects

In late July, the market trend of Neopentyl glycol may rise slightly. The upstream Isobutyraldehyde market rose slightly, and cost support increased. The downstream paint market is average, and the enthusiasm for downstream procurement is average. 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.