On August 12, 2026, BASF issued a price adjustment announcement, raising the European market price of 250 euros/ton for Neopentyl Glycol (NPG) and 300 euros/ton for 1,6-Hexanediol (HDO). The price adjustment will take immediate effect, and signed contract orders will still be executed according to the original agreement. This is the second time since 2026 that BASF has raised the price of neopentyl glycol in the European region. In March of this year, the product was raised by 350 euros per ton.
According to the monitoring of the Ibuychem Research Institute, the price of domestic neopentyl glycol has turned downward since mid April, accelerated its decline in May, and reached a low point of 7300 yuan/ton in June. The market rebounded in July and August, and the price of mother's Huadong hydrogenation method neopentyl glycol has risen to 9000-9200 yuan/ton.
Currently, several major facilities such as Jihua BASF, Jiangsu Huachang, and Ma'anshan Shenjian are in a state of shutdown for maintenance, and the market's spot resources are tightening. Under the dual benefits of rising raw material costs and limited spot circulation, factories have a strong attitude towards offering, and the market focus is constantly moving towards the high-end. Based on the current situation of comprehensive supply and demand, the tight spot market is difficult to quickly ease in the short term. Factories are likely to maintain a stable and upward trend. With the support of the isobutyraldehyde market, the domestic neopentyl glycol market may continue to operate at a high level.