According to the Commodity Analysis System of Business Society, the average price of new pentanediol in the mainstream market in China fell first and then rose in December. The price of neopentyl glycol first dropped from 9725 yuan/ton at the beginning of the month to 9525 yuan/ton on December 15th, a decrease of 2.06%, and then rose to 9800 yuan/ton at the end of the month, an increase of 2.98%, an overall increase of 0.77%, and a year-on-year increase of 7.30% at the end of the month. On December 28th, the new pentanediol commodity index was 47.23, unchanged from yesterday, a decrease of 54.42% from the highest point in the cycle of 103.61 points (2021-09-22), and an increase of 9.71% 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 fluctuations in their quotes this month.

From a cost perspective, the market price of isobutyraldehyde increased significantly in December. The market price of isobutyraldehyde increased from 7333.33 yuan/ton at the beginning of the month to 8233.33 yuan/ton at the end of the month, an increase of 12.27%, and the price at the end of the month increased by 27.98% year-on-year. The upstream raw material market prices have significantly increased, and due to the impact of supply and demand, the support for the price of new pentanediol has increased.

Looking ahead, the overall trend of the new pentanediol market in mid to early January may experience slight fluctuations and gains. The upstream isobutyraldehyde market has seen a significant increase, with increased 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 increases due to various factors such as supply and demand and raw materials.