According to the Commodity Market Analysis System of SunSirs, as of April 8th, the price of neopentyl glycol was 9,966.67 RMB/ton, a decrease of 2.92% compared to the price of 10,266.67 RMB/ton on April 1st.

This week, the price of neopentyl glycol had fallen, some factories had offered discounts for sales, and the operating load of neopentyl glycol manufacturers had decreased. Downstream demand for neopentyl glycol had weakened, resulting in poor transactions in the neopentyl glycol market and significant downward pressure on neopentyl glycol.

The price of raw material isobutyraldehyde fluctuated and fell

According to the Commodity Market Analysis System of SunSirs, as of April 8th, the domestic isobutyraldehyde quotation was 7,287.50 RMB/ton, a decrease of 3.69% compared to April 1st isobutyraldehyde price of 7,566.67 RMB/ton. The price of propylene, the raw material of isobutyraldehyde, had fluctuated and fallen, downstream production of neopentyl glycol had decreased, and the cost of isobutyraldehyde had decreased. The demand for isobutyraldehyde was weak, and the pressure on the price of isobutyraldehyde to fall had increased. This week, the price of isobutyraldehyde had fluctuated and fallen.

Market Overview and Forecast

The analysts of SunSirs believe that in terms of raw materials, the price of isobutyraldehyde had fluctuated and fallen, but there is a trend for isobutyraldehyde to stabilize in the future. The downward pressure on raw materials was limited; In terms of demand, there had been an increase in low-priced quotations for neopentyl glycol, and although the manufacturer's quotation was temporarily stable, the actual transaction was poor. In addition, the manufacturer's inventory pressure was high, resulting in a decrease in the production of neopentyl glycol manufacturers and a significant downward pressure on neopentyl glycol. In the future, in terms of cost, the support for the rise of neopentyl glycol is limited, while demand remains weak and downward pressure is significant. However, neopentyl glycol manufacturers are experiencing a decrease in production, and the supply of neopentyl glycol is decreasing. Overall, the expected price of neopentyl glycol in the future is expected to fluctuate and fall slightly.

From:SunSirs