The price of raw material isobutyraldehyde is stable, which is beneficial to market sentiment in terms of cost. Xinwu's quotations are consolidating and operating.
The solid spot of neopentyl glycol factories is tight, and the downstream is digesting raw material reserves. The market trading demand is weak.
Weak downstream demand has led to cautious buying after appropriately stocking up to digest raw material reserves. The rise in raw material prices has lifted market sentiment.
The core logic is that the spot supply from the supplier is tight, the offer is relatively strong, the downstream is absorbing reserves, and the market trading is sluggish.
1. Today's summary
The new order quotations of Wanhua Chemicals remain stable, with the market price in East China being 7,000 yuan per ton.
The operation of the main factory facilities is stable, and the factories still have the willingness to hold prices for new orders
The raw material isobutyraldehyde is operating strongly, and its supporting role from the cost side is becoming evident.
2. Overview of Spot Goods
Today, the neopentyl glycol market in East China is performing strongly and consolidating. The supply of spot goods on the market is tight. Some factories are experiencing concentrated production cuts due to maintenance. Suppliers are showing a strong willingness to hold prices with new orders. Downstream buyers are cautious, with some essential buyers mainly replenishment their positions.
