SunSirs: The NMP Market Was Running Smoothly This Week (September 18-22)
September 25 2023 14:07:17 SunSirs (John)Price trend
According to the Commodity Market Analysis System of SunSirs, the NMP market maintained stable operation this week. On September 18th, the average price of NMP was 15,333 RMB/ton, and on September 22nd, the average price of NMP was 15,333 RMB/ton, with no increase or decrease.
Analysis review
According to the Commodity Market Analysis System of SunSirs, the overall NMP market had maintained stable operation this week. As of Friday, the mainstream retail prices in the domestic electronic grade NMP market were 14,500-15,500 RMB/ton. The price of raw material BDO had stabilized, supply expectations had increased, negotiation games were intensified, and the overall focus of market negotiations was trending downwards. The demand side of NMP remained weak, the wait-and-see atmosphere was strong and the demand was mainly just in needed. The NMP factories on the production side maintained stability, maintained a stable mindset, and prices followed the market.
Raw materials: This week, the raw material BDO market stabilized from a decline. As the maintenance devices continued to restart, the supply side's positive support weakened; However, there was no significant change in downstream demand at the end, the contradiction between supply and demand intensified, and the market center had shifted downwards.
Market outlook
SunSirs’ NMP analysts believe that the downstream follow-up of NMP was slow, and the market had weak positive signals. It is expected that NMP prices will fluctuate at low levels in the short term.
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- 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
- 2024-04-02 SunSirs: In March, the Price Center of NMP Shifted Downwards
- 2024-03-26 SunSirs: The NMP Market Experienced a Slight Decline This Week (March 18-22)
