1、 Price trend

According to the commodity analysis system of the business community, the domestic market price of neopentyl glycol was temporarily stable this week. The average price of the mainstream market of neopentyl glycol in China this week is 10600.00 yuan/ton. Weekend prices decreased by 39.54% year-on-year compared to the same period last year. On April 16th, 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 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 was slightly stable this week.

From the perspective of neopentyl glycol upstream raw material market, the domestic isobutyraldehyde market price was temporarily stable this week. The average price of domestic isobutyraldehyde mainstream market this week is 7700.00 yuan/ton. Weekend prices decreased by 47.26% year-on-year compared to the same period last year. The upstream raw material market price was adjusted at a high level, with good cost support. Affected by the supply and demand, it had a positive impact on the price of neopentyl glycol.

3、 Future prospects

In late April, the market trend of new pentanediol may fluctuate slightly and rise mainly. The upstream isobutyraldehyde market has stabilized at a high level, with good 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 gains due to various factors such as supply and demand, as well as raw materials.