SunSirs: The NMP Market Experienced a Slight Decline This Week (March 18-22)
March 26 2024 09:52:02     SunSirs (John)Price trend
According to the commodity market analysis system of SunSirs, the NMP market experienced a narrow decline this week. On March 18th, the average price of NMP was 12,166 RMB/ton, and on March 22nd, the average price of NMP was 12,133 RMB/ton, a decrease of 0.27% during the cycle.
Analysis review
According to the Commodity Market Analysis System of SunSirs, the NMP market remained weak this week, with mainstream retail prices in the domestic electronic grade NMP market reaching 11,800-12,200 RMB/ton as of Friday. The raw material end BDO market had experienced a narrow decline, with more upstream maintenance and cautious downstream entry, resulting in a stagnant market operation. The NMP upstream quotation followed the market trend, and the mentality of the operators was weak. Downstream purchases were mainly on demand, and trading was weak, resulting in a relatively weak trading atmosphere.
Raw materials: The BDO market fluctuated narrowly. From March 18th to 22nd, the average domestic BDO price dropped from 9,428 RMB/ton to 9,385 RMB/ton, with a price drop of 0.45% during the cycle.
Market outlook
SunSirs’ NMP analysts believe that the current performance of the NMP market was weak, and the market lacked positive signal guidance. It is expected that the market will remain weak in the short term.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
- 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
- 2024-04-02 SunSirs: In March, the Price Center of NMP Shifted Downwards
- 2024-03-19 SunSirs: This Week, the NMP Market Was Operating in a Stalemate (March 11-15)