SunSirs: The NMP Market Fell This Week (August 21-25)
August 28 2023 09:22:35 SunSirs (John)Price trend
According to the Commodity Market Analysis System of SunSirs, the NMP market fell weakly this week. On August 21st, the average price of NMP was 16,233 RMB/ton, and on August 25th, the average price of NMP was 15,666 RMB/ton, a decrease of 3.49%.
Analysis review
According to the Commodity Market Analysis System of SunSirs, the NMP market experienced a high-end price decline this week, while the low-end price remained stable. As of Friday, the mainstream bulk price in the domestic electronic grade NMP market was 14,500-15,500 RMB/ton. The price of raw material BDO remained stable, while downstream buying was average, and the negotiation atmosphere was light. The demand side of NMP remained weak, with a strong wait-and-see atmosphere and a focus on just in needed. The NMP factory on the production end maintained stability, with a strong willingness to sell goods, and prices followed the market.
Raw materials: This week, the BDO market for raw materials remained stagnant and organized, with some support on the supply side. However, the downstream end users had limited ability to accept high prices, and mainly followed up contract orders. The upward momentum in the future was insufficient.
Market outlook
SunSirs’ NMP analysts believe that the downstream follow-up of NMP prices was slow, and the market lacked favorable factors to support it. 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
