Price trend

According to the commodity market analysis system of SunSirs, the NMP market had been operating weakly this week. On March 11th, the average price of NMP was 12,233 RMB/ton, and on March 15th, the average price of NMP was 12,166 RMB/ton, a decrease of 0.54% during the cycle.

Analysis review

According to the Commodity Market Analysis System of SunSirs, the NMP market did not show significant improvement this week and maintained a stalemate and consolidation operation. As of Friday, the mainstream retail price in the domestic electronic grade NMP market was 11,800-12,200 RMB/ton. The raw material end BDO market was operating steadily at a low level, and downstream demand was not following up enough, resulting in a market stalemate and consolidation. The demand for NMP in the market was mainly for basic needs, and there was a lack of price support mentality. Some factories had slightly lowered their quotations. Downstream cautiously entered into the market, with a strong wait-and-see atmosphere.

Raw materials: The BDO market fluctuated narrowly. From March 11th to 15th, the average domestic BDO price dropped from 9,428 RMB/ton to 9,400 RMB/ton, with a 0.30% drop in price during the cycle.

Market outlook

SunSirs’ NMP analysts believe that the performance of the NMP market was weak, and the market lacked positive signal guidance. It is expected that the market will remain weak in the short term.

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