1、 Price trend

As can be seen from the above figure, the domestic market price of neopentyl glycol decreased slightly this week. This week, the average price of neopentyl glycol in the mainstream domestic market fell from 10866.67 yuan/ton at the end of last week to 10600.00 yuan/ton at the end of this week, a decrease of 2.45%. Compared to the same period last year, the year-on-year decrease was 41.11%. On March 19, the neopentyl glycol commodity index stood at 51.08, unchanged from yesterday, down 50.70% from the cycle’s highest point of 103.61 (2021-09-22), and up 18.65% from the lowest point of 43.05 on November 28, 2022. (Note: The cycle refers to the period from September 1, 2021 to now)

2、 Market analysis

The prices of mainstream manufacturers of neopentyl glycol fell slightly this week.

From the perspective of the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price rose slightly this week. This week, the average price of isobutyraldehyde in the mainstream domestic market rose from 7266.67 yuan/ton at the end of last week to 7333.33 yuan/ton at the end of this week, an increase of 0.92%. Compared to the same period last year, the year-on-year decrease was 40.05%. The upstream raw material market price has slightly increased, with good cost support. Affected by the supply and demand side, it has a positive impact on the price of neopentyl glycol.

3、 Future prospects

In late March, the market trend of neopentyl glycol may fluctuate slightly and rise mainly. The upstream isobutyraldehyde market has an upward trend over the weekend, with increased cost support. The downstream paint market is generally stable, and the enthusiasm for downstream procurement has weakened. The neopentyl glycol analyst from the Business Agency believes that the short-term neopentyl glycol market is mainly affected by multiple factors such as supply and demand and raw materials, and the market price may fluctuate slightly.