SunSirs: The Focus of the NMP Market Had Shifted Downwards This Week (July 17-21)
July 25 2023 09:19:22 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the NMP market further declined this week, with an average price of 17,333 RMB/ton on July 17th and 17,000 RMB/ton on July 21st, a decrease of 1.92% during the cycle.
Analysis review
According to the Commodity Market Analysis System of SunSirs, as of Friday, the mainstream quotation for bulk electronic grade NMP in the domestic market was 15,500-16,500 RMB/ton. The price of raw material BDO had declined narrowly, and cost support weakened. The demand side remained weak, some downstream operations maintained low and demand growth was limited. The NMP factory on the production end maintained stability, with a strong willingness to sell goods, and prices followed the market.
Raw materials: The BDO price of raw materials fluctuated and fell. Supply side support was weakened due to restart of some maintenance devices. At the same time, there was a strong sentiment of avoiding losses among downstream of the terminal, with small orders on demand and severe price suppressed.
Market outlook
According to NMP analysts from SunSirs, as of July 21, NMP prices were in the bottoming stage. In the absence of significant improvement in downstream demand, it is expected that NMP prices will fluctuate at low levels 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
