According to the Commodity Analysis System of the Business Society, the domestic market price of neopentyl glycol first fell and then rose in October. The average price of the mainstream market price of neopentyl glycol in China first fell from 10450 yuan/ton at the beginning of the month to 10325.00 yuan/ton on October 17th, a decrease of 1.20%, and then rose to 10600.00 yuan/ton at the end of the month, an increase of 2.66%. The price at the end of the month increased by 5.30% year-on-year. On October 30th, the new pentanediol commodity index was 51.08, unchanged from yesterday, a decrease of 50.70% from the cycle’s highest point of 103.61 points (2021-09-22), and an increase of 18.65% 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 fluctuated this month.

From a cost perspective, the market price of isobutyraldehyde significantly decreased in October. The market price of isobutyraldehyde decreased from 9000.00 yuan/ton at the beginning of the month to 8233.33 yuan/ton at the end of the month, a decrease of 8.52%, and the price at the end of the month increased by 24.75% year-on-year. The upstream raw material market prices have significantly declined, and due to the impact of supply and demand, the support for the price of new pentanediol has weakened.

Looking at the future market, the overall trend of the new pentanediol market in mid to early November may fluctuate slightly and decline mainly. The upstream isobutyraldehyde market has significantly declined, with insufficient 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 declines due to various factors such as supply and demand, as well as raw materials.