SunSirs: Taking Advantage of the Bottom Price to Enter the Market, the NMP Price Rebounded from Bottom
December 14 2022 09:10:16 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, the NMP market stopped falling and rebounded this week (12.5-12.9). The average price of electronic NMP at the beginning of the week was 22,333 RMB/ton, and the average price at the weekend was 22,833 RMB/ton, up 2.24%.
Analysis review
According to the data monitoring of SunSirs, as of Friday, the mainstream quotation in the domestic electronic NMP market was 21,000-22,000 RMB/ton. The price of raw material BDO was weak at the bottom. The price of monomethylamine was raised recently, and the downstream was taking advantage of the bottom price to enter the market. Driven by demand, NMP rebounded from the bottom, but the rebound was limited.
Raw materials: BDO fluctuated narrowly this week. Recently, some devices were being overhauled or planned to be overhauled, which supported the continuity of the supplier's price keeping mentality, and some factories were bidding to stabilize the market. The enthusiasm of downstream market purchasing was not high, the supply and demand were discussing and gamed, and the market gravity fluctuated little.
Market outlook
NMP analysts from SunSirs believe that although there has been a rebound signal recently, the downstream order support is limited, and the cost support is average. It is expected that the NMP market will mainly operate weakly and stably next week.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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- 2024-04-08 SunSirs: Under the Pressure of Multiple Bearish Factors, the NMP Market Was Weakening
- 2024-04-02 SunSirs: In March, the Price Center of NMP Shifted Downwards
