Price trend

According to the commodity market analysis system of SunSirs, the NMP market had remained stable this week. On April 8th, the average price of NMP was 11,766 RMB/ton, and on April 12th, the average price of NMP was 11,766 RMB/ton, with no fluctuations 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 11,500-12,000 RMB/ton as of Friday. The recent decline in raw material BDO had been significant. Although there were many companies undergoing maintenance and production shutdowns, the price boost was limited. The focus of the NMP market was unstable. Occasionally, low prices were reported, and the mentality of the operators was weak. Downstream purchased mainly on demand, and trading was weak, resulting in a relatively weak trading atmosphere.

Raw materials: The BDO market continued to decline. From April 8th to 12th, the average domestic BDO price dropped from 9,228 RMB/ton to 9,102 RMB/ton, with a 1.37% decrease 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.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.