Price trend

According to the Commodity Market Analysis System of SunSirs, the NMP market continued to decline this week. On October 16th, the average price of NMP was 15,233 RMB/ton, and on October 20th, the average price of NMP was 15,066 RMB/ton, a decrease of 1.09%.

Analysis review

According to the Commodity Market Analysis System of SunSirs, the NMP market had shown a downward trend this week, and the focus of transactions had shifted downwards. As of Friday, the mainstream retail market price of domestic electronic grade NMP was 14,000-15,500 RMB/ton. The price of raw material BDO continued to decline, exacerbating the supply-demand contradiction, and the price was also declining. The follow-up on the NMP demand side was insufficient, with a strong wait-and-see atmosphere and purchasing mainly just in needed. The NMP factory on the production side maintained stability, with a strong attitude towards price support, and the market was stuck in a prolonged stalemate.

Raw materials: The domestic BDO market was weak and declining. From October 16th to 20th, the average price of domestic BDO fell from 10,685 RMB/ton to 10,400 RMB/ton, a 2.63% decline during the cycle, weakening cost support and exacerbating the negative impact on NMP.

Market outlook

SunSirs’ NMP analysts believe that as of the 20th, the downstream follow-up of NMP prices had been slow, and the market's positive signals were relatively weak. It is expected that NMP prices will fluctuate at low levels in the short term.

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