SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > N-Methylpyrrolidone News > News Detail
N-Methylpyrrolidone News
SunSirs: NMP Market Rose First and Then Stabilized in October
October 31 2022 09:36:11SunSirs(John)

Price trend

According to the data monitoring of SunSirs, the NMP market rose strongly in October and then maintained stable at a high level. The average price of electronic NMP at the beginning of the month was 26,566 RMB/ton, and the average price at the weekend was 28,000 RMB/ton, with a monthly increase of 5.4%.

Analysis review

According to the data monitoring of SunSirs, as of the 28th, the mainstream quotation in the domestic electronic NMP market was 27,500-28,500 RMB/ton, and the high-end quotation reached 30,000 RMB/ton. At the beginning of October, the NMP market was short of supply, some factories stopped reporting, one order one negotiated price. At the same time, the road transportation in some regions was blocked, and the arrival of NMP raw materials was limited, leading to insufficient NMP construction in some regions, tight supply, and rising NMP prices. The downstream inquiry was active. Under the atmosphere of buying up but not buying down, the demand increased and the market continued to rise until about the middle of October. Since late October, the market maintained a stable trend, and the factories had an obvious willingness to support prices. Downstream people resisted high prices. The demand was relatively stable, and the market had insufficient motivation to continue to push up.

In October, the domestic BDO market was mainly reorganized. After the National Day holiday, the rising trend in September continued. The auction prices of some manufacturers remained high. However, the sluggish demand restricted the growth of BDO market. Although the manufacturer's bidding price was 14,700 RMB/ton for many times to support the high price, it was difficult to change the downturn in the downstream, and the BDO market was frozen.

Market outlook

NMP analysts from SunSirs believe that at present, the NMP price has risen to a high level, and the downstream demand is average. At the same time, the price of raw materials tends to decline. It is expected that the market will have a narrow downward trend in the near future.

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

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products