During June xxxx, the global Neopentyl Glycol (NPG) market displayed distinct trends. In North America, the market experienced price stagnation, primarily due to the moderate demand from the downstream paints and coatings industry. On the other hand, the Chinese NPG market saw substantial price volatility, ultimately leading to a significant price increase. This price surge occurred despite a noticeable decrease in demand from the downstream sector.
In the North American market, NPG prices exhibited stability during the initial two weeks of June xxxx but saw a slight increase in the latter half of the month. This price uptick was primarily driven by partially constrained supplies of NPG within the United States, compounded by expensive imports from overseas. Heightened freight charges and delayed shipments, exacerbated by persistent port congestion, have significantly impacted the market dynamics. Average container prices have surged by xxx from October xxxx to June xxxx,...
