According to the commodity analysis system of the business community, the domestic Neopentyl glycol market price fell sharply in June, and the average price of the domestic Neopentyl glycol mainstream market fell from 10433.33 yuan/ton at the beginning of the month to 9500.00 yuan/ton at the end of the month, a decline of 8.95%. The price at the end of the month decreased by 32.94% year-on-year. On June 28, the Neopentyl glycol commodity index was 45.78, unchanged 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)

From the supply side, the quotation of Neopentyl glycol mainstream manufacturers fell slightly this month.

From the cost side, the market price of Isobutyraldehyde fell sharply in June. The market price of Isobutyraldehyde fell from 7533.33 yuan/ton at the beginning of the month to 6833.33 yuan/ton at the end of the month, a decrease of 9.29%. The price at the end of the month decreased by 11.64% year-on-year. The factory price of formaldehyde in China slightly decreased in June. The factory price of formaldehyde dropped from 1103.33 yuan/ton at the beginning of the month to 1070.00 yuan/ton at the end of the month, a decrease of 3.02%. On the whole, the price of upstream raw material market fell slightly, which was affected by the supply and demand, and the price support for Neopentyl glycol was insufficient.

In the future, the overall trend of Neopentyl glycol market in the first ten days of July may be dominated by a slight shock decline. The upstream Isobutyraldehyde and formaldehyde market declined slightly, and the cost support was insufficient. 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 small fluctuations and declines in the market under the influence of supply and demand, raw materials and other aspects.