1、 Price trend
| Thiourea |
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 10200.00 yuan/ton at the beginning of the week to 9800.00 yuan/ton at the end of the week, a decrease of 3.92%. Weekend prices fell 44.00% year-on-year. On June 11, the Neopentyl glycol commodity index was 47.23, unchanged from yesterday, down 54.42% from the cycle’s highest point of 103.61 (2021-09-22), and up 9.71% 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 fell sharply this week. This week, the average price of Isobutyraldehyde in the domestic mainstream market fell from 7166.67 yuan/ton at the beginning of the week to 6566.67 yuan/ton at the end of the week, a decrease of 8.37%. Weekend prices fell by 57.27% year-on-year. The price of upstream raw material market fell sharply, and the cost support was insufficient. Affected by the supply and demand, the price of Neopentyl glycol was negatively affected.
3、 Future prospects
The market trend of Neopentyl glycol in the middle and late June may fluctuate slightly. The upstream Isobutyraldehyde market declined sharply, and the cost support was insufficient. 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 declines in the market under the influence of supply and demand, raw materials and other aspects.
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