Price trend

According to the commodity market analysis system of SunSirs, the NMP market experienced a narrow decline this week. On March 18th, the average price of NMP was 12,166 RMB/ton, and on March 22nd, the average price of NMP was 12,133 RMB/ton, a decrease of 0.27% during the cycle.

Analysis review

According to the Commodity Market Analysis System of SunSirs, the NMP market remained weak this week, with mainstream retail prices in the domestic electronic grade NMP market reaching 11,800-12,200 RMB/ton as of Friday. The raw material end BDO market had experienced a narrow decline, with more upstream maintenance and cautious downstream entry, resulting in a stagnant market operation. The NMP upstream quotation followed the market trend, and the mentality of the operators was weak. Downstream purchases were mainly on demand, and trading was weak, resulting in a relatively weak trading atmosphere.

Raw materials: The BDO market fluctuated narrowly. From March 18th to 22nd, the average domestic BDO price dropped from 9,428 RMB/ton to 9,385 RMB/ton, with a price drop of 0.45% during the cycle.

Market outlook

SunSirs’ NMP analysts believe that the current 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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