SunSirs: The NMP Market Maintained Stable This Week (August 14-18)
August 21 2023 15:21:25 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the NMP market was running smoothly this week. On August 14th, the average price of NMP was 16,833 RMB/ton, and on August 18th, the average price of NMP was 16,833 RMB/ton, with no increase or decrease.
Analysis review
According to the Commodity Market Analysis System of SunSirs, as of Friday, the mainstream quotation for bulk domestic electronic grade NMP was 15,000-16,000 RMB/ton. The price of raw material BDO maintained a slight upward trend. As of August 18, the industry's capacity utilization rate was low, and the market's spot supply was tight, driving prices up. The demand side of NMP remained weak, the wait-and-see atmosphere was strong and mainly based on demand. The NMP factory on the production end maintained stable with a strong willingness to sell goods, and prices followed the market.
Raw materials: Recently, the BDO price of raw materials had steadily increased, and production enterprises were reluctant to sell. Online bidding was on the high side, which supported the market. Downstream resistance to high prices had increased, procurement was cautious, and demand growth was limited.
Market outlook
SunSirs’ NMP analysts believe that as of August 18th, the downstream follow-up of NMP prices was slow, with weak demand support and weakened cost support. It is expected that NMP prices will fluctuate at low levels in the short term.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
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