According to the Commodity Analysis System of Business Society, the domestic market price of new pentanediol dropped significantly in November, with the mainstream market price of new pentanediol dropping from 10525 yuan/ton at the beginning of the month to 9725.00 yuan/ton at the end of the month, a decrease of 7.60%, and a year-on-year increase of 8.46% at the end of the month. On November 29th, the new pentanediol commodity index was 46.87, unchanged from yesterday, a decrease of 54.76% from the highest point in the cycle of 103.61 points (2021-09-22), and an increase of 8.87% from the lowest point of 43.05 points on November 28th, 2022. (Note: The cycle refers to the period from September 1, 2021 to present)

From the supply side perspective, mainstream distributors of new pentanediol have seen a significant decline in their quotes this month.

From a cost perspective, the market price of isobutyraldehyde fluctuated and fell in November. The market price of isobutyraldehyde decreased from 8100.00 yuan/ton at the beginning of the month to 7300.00 yuan/ton at the end of the month, a decrease of 9.88%, and the price at the end of the month increased by 17.11% year-on-year. The upstream raw material market prices have fluctuated and fallen, and due to the impact of supply and demand, the support for the price of new pentanediol has weakened.

In the future, the overall trend of the new pentanediol market in mid to early December may experience a slight fluctuation and decline. The upstream isobutyraldehyde market is fluctuating and falling, with insufficient cost support. The downstream paint market is average, and downstream procurement enthusiasm has weakened. Business Society’s new pentanediol analyst believes that in the short term, the market for new pentanediol may experience slight fluctuations and declines due to various factors such as supply and demand and raw materials.