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.