SunSirs: NMP Market Lacked Good Guidance and Operated in a Weak Way
January 16 2023 14:09:45 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, this week (1.9-1.13) the NMP market was in consolidation operation, and the average price of electronic NMP was stable at 22,833 RMB/ton, with no rise or fall.
Analysis review
According to the data monitoring of SunSirs, the NMP market was running smoothly this week, and the mainstream quotation of domestic electronic NMP market was 21,000-22,200 RMB/ton as of Friday. The stock preparation before the festival was nearing the end. The market performance was not volatile. The downstream demand was general, and the transaction price was mostly in line with the market. The market had no obvious positive factors to guide, and operated in a weak consolidation.
Raw materials: The transaction focus of BDO continued to move up this week. The overall supply of goods in the market was limited, and the attitude of suppliers to support the market continued. Some of the midstream and downstream markets were delisted, and just small orders in needed followed up. The market as a whole went up, but the volume of trading was limited.
Market outlook
NMP analysts of SunSirs believe that the Spring Festival is approaching, and the market transactions will be further weakened due to the influence of traditional festivals. Facing the market that has price but on buyers during the Spring Festival, NMP market is expected to maintain stable operation in the near future.
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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
