In April, the price of new pentanediol first fell and then rose

According to the Commodity Market Analysis System of Shengyishe, as of April 28th, the price of new pentanediol was quoted at 9966.67 yuan/ton, which was a decrease followed by an increase of 2.92% compared to the price of 10266.67 yuan/ton quoted on April 1st; Compared to April 21st, the price of new pentanediol increased by 0.34% to 9933.33 yuan/ton. In April, the price of raw material isobutyraldehyde stopped falling and rose, while the cost of neopentyl glycol increased. The quotation from neopentyl glycol manufacturers also increased.

In early April, the parking and maintenance situation of downstream neopentyl glycol enterprises was relatively concentrated, and the price of neopentyl glycol decreased; In the latter half of the month, the price of isobutyraldehyde rose, supporting costs, and the price of new pentanediol factory rebounded and increased. In April, the prices of new pentanediol manufacturers increased, and the market for new pentanediol rebounded.

The price of raw material isobutyraldehyde first fell and then rose

According to the Commodity Market Analysis System of Shengyishe, as of April 28th, the domestic isobutyraldehyde quotation was 7650 yuan/ton, which decreased and then increased by 1.10% compared to the isobutyraldehyde price of 7566.67 yuan/ton on April 1st; Compared to April 11th, the price of isobutyraldehyde increased by 6.07% to 7212.50 yuan/ton. The high price of crude oil has fallen, while the price of raw material propylene has first risen and then fallen. Downstream inventories of new pentanediol are slowly being depleted, and the overall production of isobutyraldehyde in April has significantly decreased. However, compared to downstream production, the decline in production is limited. In addition, factories in Ningxia have started exporting isobutyraldehyde, which has sufficient supply but insufficient demand. The upward momentum of isobutyraldehyde prices has weakened.

The price of raw material formaldehyde first fell and then rose

According to the Commodity Market Analysis System of Shengyishe, as of April 28th, the domestic formaldehyde quotation was 1212.50 yuan/ton, an increase of 0.48% from the formaldehyde price of 1206.67 yuan/ton on April 1st; Compared to April 11th, the price of formaldehyde increased by 1.25% to 1197.50 yuan/ton. In April, the raw material methanol market fluctuated upwards, and the price of formaldehyde basically followed the changes in methanol. However, downstream purchases remained in demand, and the receiving sentiment was poor. Formaldehyde was weak in following the rise, and the market slightly rose. In April, formaldehyde enterprises underwent more maintenance, resulting in a tight supply of formaldehyde and an overall positive formaldehyde market.

Market Overview and Forecast

According to analysts of Shengyishe’s new pentanediol products, in terms of cost, the prices of formaldehyde and isobutyraldehyde first fell and then rose. In April, the cost of new pentanediol increased, and in terms of supply and demand, the fundamentals of new pentanediol were relatively balanced. Overall, the cost of neopentyl glycol is supporting, and the upward momentum of neopentyl glycol is increasing. However, downstream demand support is limited, and it is expected that the price of neopentyl glycol will stabilize strongly in the future.