1、 Price trend
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As can be seen from the above figure, the domestic market price of neopentyl glycol continued to fall this month, and the average price of domestic mainstream market price of neopentyl glycol fell from 12833.33 yuan / ton at the beginning of the month to 11066.67 yuan / ton at the end of the month, a decrease of 13.77%. On July 28, the neopentyl glycol commodity index was 53.33, unchanged from yesterday, hitting a new low in the cycle, down 48.53% from the peak of 103.61 on September 22, 2021. (Note: the period refers to 2021-09-01 to now).
2、 Market analysis
The quotation of mainstream neopentyl glycol manufacturers fell slightly this month
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From the perspective of the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price has experienced twists and turns this month, with a volatile decline. The price of isobutyraldehyde fell from 8466.67 yuan / ton at the beginning of the month to 7266.67 yuan / ton at the end of the month, a decrease of 14.17%. The ex factory price of formaldehyde in China fell slightly this month. The price of formaldehyde fell from 1270.00 yuan / ton at the beginning of the month to 1206.67 yuan / ton at the end of the month, a decrease of 4.99%. The market price of upstream raw materials fell sharply, which had a negative impact on the price of neopentyl glycol due to the impact of supply and demand.
3、 Aftermarket forecast
In the middle and early August, the overall trend of neopentyl glycol market may rise slightly. At the end of the month, the upstream isobutyraldehyde market has an upward trend, the cost support has improved, the downstream coating market is general, and the downstream purchasing enthusiasm is general. The neopentyl glycol analyst of business agency believes that the short-term neopentyl glycol market may rise slightly due to the influence of supply and demand and raw materials.
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