SunSirs: This Week, the NMP Market Experienced a Weak Downturn (December 4-8)
December 11 2023 09:42:29 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, the NMP market continued to decline this week. On December 4th, the average price of NMP was 13,000 RMB/ton, and on December 8th, the average price of NMP was 12,900 RMB/ton, a decrease of 0.77%.
Analysis review
According to the commodity market analysis system of SunSirs, the NMP market continued to decline this week. As of Friday, the mainstream retail price in the domestic electronic grade NMP market was 12,300-12,800 RMB/ton, and the low-end price was 12,200 RMB/ton. The raw material end BDO market was operating steadily at a low level, with average spot supply, and suppliers continued to stabilize the market. Downstream procurement was on-demand, and the overall market situation was temporarily stable. The follow-up on NMP demand side was insufficient, with a strong wait-and-see atmosphere and mainly just on demand. The NMP factory on the production side remained stable, but due to the prolonged market downturn and weak price support mentality, the market focus had shifted downwards.
Raw materials: The domestic BDO market remained stable at a low level. From December 4th to December 8th, the average domestic BDO price remained stable at 9,645 RMB/ton, with no fluctuations during the cycle. The market situation remained weak, and the impact on NMP support was minimal.
Market outlook
According to NMP analysts from SunSirs, as of the 8th, the downstream follow-up of NMP prices had been slow, and construction had remained low. It is expected that the NMP market will continue to maintain a sluggish trend in the near future.
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- 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
