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 dropped from 9566.67 yuan/ton at the beginning of the week to 9400.00 yuan/ton at the end of the week, a drop of 1.74%. Weekend prices fell by 15.06% year-on-year. On July 24, the Neopentyl glycol commodity index was 44.34, down 0.96 points from yesterday, down 57.20% from the cycle’s highest point of 103.61 (2021-09-22), and up 3.00% 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 7400.00 yuan/ton at the beginning of the week to 7433.33 yuan/ton at the end of the week, up 0.45%. Weekend prices fell by 3.88% year-on-year. The price of upstream raw material market rose slightly, with good cost support. Affected by the supply and demand side, the price of Neopentyl glycol was positively affected.

3、 Future prospects

In late July, the market trend of Neopentyl glycol may rise slightly. The upstream Isobutyraldehyde market rose slightly, and cost support increased. 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 a small increase in market prices due to the impact of supply and demand, raw materials and other aspects.