Price trend

According to the Commodity Market Analysis System of SunSirs, the NMP market was running smoothly this week. On August 7th, the average price of NMP was 16,833 RMB/ton, and on August 11th, the average price of NMP was 16,833 RMB/ton, with no increase or decrease.

Analysis review

According to the Commodity Market Analysis System of SunSirs, as of Friday, the mainstream market quotation for bulk domestic electronic grade NMP was 15,500-16,500 RMB/ton. The price of raw material BDO had steadily increased, and the recent tight spot circulation had strengthened NMP cost support. The demand side remained weak, with some downstream operations remaining low and demand growth limited. The NMP factory on the production end maintained stable, with a strong willingness to sell goods, and prices that followed the market.

Raw materials: The BDO price of raw materials had steadily increased, with a price increase of about 200 RMB/ton compared to last week. The transaction prices in some regions continued to rise, but the overall focus of negotiations was limited.

Market outlook

SunSirs’ NMP analysts believe that as of August 11th, the downstream of NMP followed slowly, with weak demand support. Due to the weak market atmosphere, there is insufficient upward momentum, and it is expected that NMP prices will fluctuate at low levels in the short term.

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