SunSirs: This Week, the NMP Market Remained Stable at a Low Level (December 18-22)
December 25 2023 14:57:14 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, the NMP market maintained stable operation this week. On December 18th, the average price of NMP was 12,800 RMB/ton, and on December 22nd, the average price of NMP was 12,800 RMB/ton, with no fluctuations during the cycle.
Analysis review
According to the Commodity Market Analysis System of SunSirs, the NMP market had been operating steadily this week. As of Friday, the mainstream retail price in the domestic electronic grade NMP market was 12,200-12,800 RMB/ton. The raw material end BDO market was operating steadily at a low level, and some regions were affected by rainy and snowy weather, resulting in poor transportation. Coupled with the unstable start of some new equipment, the market's investment focus was relatively strong. The NMP demand side had insufficient follow-up and continued to be weak, and mainly based on demand. The NMP factory on the production side remained stable, but due to low enthusiasm for downstream market entry and weak price support mentality, the market was in a stalemate.
Raw materials: The domestic BDO market had experienced a narrow decline. From December 18th to December 22nd, the average domestic BDO price dropped from 9,542 RMB/ton to 9,521 RMB/ton, a decrease of 0.22% during the cycle. The market situation was still weak, and the impact on NMP support was minimal.
Market outlook
According to NMP analysts from SunSirs, as of the 22nd, 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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- 2024-04-02 SunSirs: In March, the Price Center of NMP Shifted Downwards
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