1、 Price trend
As can be seen from the above figure, the domestic market price of neopentyl glycol fell slightly this month, and the average price of domestic mainstream market price of neopentyl glycol fell from 17733.33 RMB/ton at the beginning of the month to 17533.33 RMB/ton at the end of the month, down 200 RMB/ton, or 1.13%. On April 29, the commodity index of neopentyl glycol was 84.50, unchanged from yesterday, down 18.44% from the highest point of 103.61 in the cycle (2021-09-22), and up 31.50% from the lowest point of 64.26 on January 3, 2022. (Note: the period refers to the period from September 1, 2021 to now).
2、 Market analysis
Domestic neopentyl glycol market in April：
|Manufactor||April 1st||April 10th||April 30th|
|Shanghai Qihua Wanhua||17500 RMB/ton||17300 RMB/ton||17300 RMB/ton|
|Jinan Aochen Wanhua||17700 RMB/ton||17700 RMB/ton||17800 RMB/ton|
|Shandong Zhiying Jihua||18000 RMB/ton||18000 RMB/ton||17500 RMB/ton|
The quotation of mainstream manufacturers of neopentyl glycol fell slightly this month: the distribution price of Shanghai Qihua Wanhua neopentyl glycol at the end of the month was 17300 RMB/ton, which was 200 RMB/ton lower than that at the beginning of the month; The selling price of Jinan aochen Wanhua neopentyl glycol at the end of the month was 17800 RMB/ton, which increased by 100 RMB/ton compared with the beginning of the month; The selling price of Shandong Zhiying Jihua neopentyl glycol at the end of the month was 17500 RMB/ton, which was 500 RMB/ton lower than that at the beginning of the month
From the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price has twists and turns this month. The quotation first fell from 13566.67 RMB/ton on April 1 to 13066.67 RMB/ton on April 6, down 3.69%, then rose to 14600.00 RMB/ton on April 11, up 11.73%, and finally fell to 14166.67 RMB/ton on April 30, down 2.97%. Overall, the isobutyraldehyde market rose slightly this month, up 4.42% for the whole month. There is a downward trend at the end of the month. The market price of upstream raw materials rose slightly, which had a positive impact on the price of neopentyl glycol due to the influence of supply and demand.
3、 Future forecast
The overall trend of neopentyl glycol market in the middle and early days of may may may decline slightly. The upstream isobutyraldehyde market has a downward trend at the end of the month, the cost support is weakened, the downstream coating market is general, and the downstream procurement enthusiasm is weak. Analysts of neopentyl glycol of business society believe that the short-term neopentyl glycol market may decline slightly under the influence of supply and demand and raw materials.