1、 Price trend
|Gamma Polyglutamic Acid|
According to the Commodity Analysis System of Business Society, the domestic market price of new pentanediol has temporarily stabilized this week. This week, the average price of the mainstream domestic market for neopentyl glycol is 9350.00 yuan/ton. Weekend prices fell by 10.38% year-on-year. On August 7th, the new pentanediol commodity index was 45.06, unchanged from yesterday, a decrease of 56.51% from the cycle’s highest point of 103.61 points (2021-09-22), and an increase of 4.67% from the lowest point of 43.05 points on November 28th, 2022. (Note: The cycle refers to the period from September 1st, 2021 to present)
2、 Market analysis
|Gamma Polyglutamic acid Cosmetic|
The mainstream market price of pentylenediol has temporarily stabilized this week.
From the upstream raw material market of neopentyl glycol, the domestic isobutyraldehyde market price slightly increased this week. This week, the average price of isobutyraldehyde in the mainstream domestic market increased from 7666.67 yuan/ton at the beginning of the week to 8100.00 yuan/ton at the weekend, an increase of 5.65%. Weekend prices increased by 21.50% year-on-year. The upstream raw material market prices have slightly increased, with good cost support. Affected by the supply and demand side, it has a positive impact on the price of new pentanediol.
3、 Future prospects
In mid August, the market trend of new pentanediol may fluctuate slightly and rise mainly. The upstream isobutyraldehyde market slightly increased, with increased cost support. The downstream paint market is average, and the enthusiasm for downstream procurement is average. Analysts from Business Society believe that in the short term, the market for new pentanediol may experience slight fluctuations and gains due to various factors such as supply and demand, as well as raw materials.