1、 Price trend

According to the commodity analysis system of the business agency, the price of Neopentyl glycol in the domestic market fell slightly this week. This week, the average price of Neopentyl glycol in the domestic mainstream market fell from 9766.67 yuan/ton at the beginning of the week to 9666.67 yuan/ton at the end of the week, a decline of 1.02%. Weekend prices fell 40.82% year-on-year. On June 19, the Neopentyl glycol commodity index was 45.78, down 0.81 points from yesterday, down 55.82% from the cycle’s highest point of 103.61 (2021-09-22), and up 6.34% from 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 fell slightly 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 6566.67 yuan/ton at the beginning of the week to 6600.00 yuan/ton at the end of the week, up 0.51%. Weekend prices fell by 5.63% year-on-year. The price of upstream raw material market rose slightly, with general 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 June, the market trend of Neopentyl glycol may slightly fluctuate and decline. Although the upstream Isobutyraldehyde market rose slightly and cost support increased, the increase was small and the support was limited. 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 small fluctuations and falls in the market under the influence of supply and demand, raw materials and other aspects.