The price of new pentanediol is temporarily stable this week

According to the Commodity Market Analysis System of Business Society, as of April 19th, the price of new pentanediol was 9933.33 yuan/ton, which is temporarily stable compared to the price of 9933.33 yuan/ton quoted on April 12th. The prices of raw materials have increased this week. The cost of new pentanediol has increased, and some manufacturers have raised their prices for new pentanediol. Downstream demand support is poor, and the market transactions for new pentanediol are limited, and the market transaction prices are temporarily stable.

Cost support, the price of new pentanediol factory rebounded and increased this week.

Raw material prices fluctuate and rise

According to the Commodity Market Analysis System of Shengyishe, as of April 19th, the domestic isobutyraldehyde quotation was 7450 yuan/ton, an increase of 3.29% from the isobutyraldehyde price of 7212.50 yuan/ton on April 12th. The price of crude oil continues to rise, while the price of propylene, a raw material for isobutyraldehyde, fluctuates and rises. Downstream inventory of new pentanediol is depleted, and the demand support for the cost increase of isobutyraldehyde is limited. The driving force for the price increase of isobutyraldehyde is increasing.

According to the Commodity Market Analysis System of Business Society, as of April 19th, the domestic formaldehyde quotation was 1212.50 yuan/ton, an increase of 1.25% compared to the formaldehyde price of 1197.50 yuan/ton on April 12th. The upstream raw material methanol price has risen, the formaldehyde price is low, and the downward pressure on formaldehyde has weakened. The supply and demand fundamentals of the formaldehyde industry chain are relatively balanced, and the overall formaldehyde market is positive, with formaldehyde prices fluctuating and rising.

Market Overview and Forecast

According to analysts of Shengyishe’s new pentanediol products, in terms of cost, the prices of formaldehyde and isobutyraldehyde have fluctuated and increased, while the cost of new pentanediol has increased. In terms of supply and demand, the fundamentals of new pentanediol are relatively balanced. Overall, the cost of new pentanediol is supported, and the upward momentum of new pentanediol is increasing. However, downstream demand support is insufficient, and it is expected that the price of new pentanediol will fluctuate and stabilize in the future.