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SunSirs: On September 14, the NMP Market Was Temporarily Stable
September 15 2022 09:08:32SunSirs(John)

Price trend

On September 14, the domestic NMP market was temporarily running steadily, and the mainstream quotation in the domestic market was 22,500-23,000 RMB/ton.

Analysis review

Due to the recent rise in raw material prices, the NMP market is ready to move. Market inquiries are active, sellers are willing to support prices, and driven by costs, the NMP market is likely to rise.

Upstream: The BDO market continued to rise this week, and the factory auction price reached a high level. The profit-making mentality of the stock-holding manufacturers made an upward probe, and the downstream followed up as needed, and the trading focus rose.

Market outlook

Analysts from SunSirs NMP believe that at present, individual NMP companies have begun to raise prices. Under the support of costs, it is expected that NMP prices may rise.

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