SunSirs: Downstream Followed up with Small Orders and the NMP Market Maintained Stability
April 25 2023 14:40:10 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the NMP market remained stable this week and continued to consolidate horizontally. The average price for the week remained stable at 18,166 RMB/ton, with no fluctuations.
Analysis review
According to the Commodity Market Analysis System of SunSirs, as of Friday, the mainstream quotation in the domestic electronic grade NMP market was 15,500-16,500 RMB/ton. This week, trading on the market remained mainly small orders, and downstream buying was cautious. Due to the increase in raw material prices, the industry had expectations for future growth, and the quotation stabilized and protected the market. Downstream staged replenishment, bargain-hunting, trading atmosphere was average, and factory sales pressure remained unchanged.
Raw materials: BDO prices continued to rise slightly, and the overall market operating rate remained low. At the same time, the news that some devices will shut down for maintenance in May was released, and supply side support was strengthened. The gradual enhancement of raw material support drove the NMP market to stop falling and stabilize.
Market outlook
SunSirs NMP analysts believe that with further increases in raw material prices in the future, it may boost the NMP market, and it is expected that the NMP market will be stable and rise in the short term.
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- 2024-05-13 SunSirs: The NMP Market Had Been Operating Steadily at a Low Level This Week (May 6-11)
- 2024-05-06 SunSirs: The NMP Market Weakly Declined in April
- 2024-04-23 SunSirs: The NMP Market Had Been Operating Steadily This Week (April 15-19)
- 2024-04-15 SunSirs: The NMP Market Had Been Operating Steadily at Low Levels This Week (April 8-12)
- 2024-04-08 SunSirs: Under the Pressure of Multiple Bearish Factors, the NMP Market Was Weakening
