Commodity News
SunSirs: Under the Pressure of Multiple Bearish Factors, the NMP Market Was Weakening
April 08 2024 11:09:03 SunSirs (John)
Price trend
On the 7th, the domestic NMP market maintained stable operation with minor fluctuations, and the mainstream price of bulk NMP was 11,800-12,000 RMB/ton.
Analysis review
The upstream BDO parking and maintenance information continued to be in the market, but the high inventory still needed to be digested, weakening the NMP market. The downstream had a strong mentality of price suppression, and they entered the market on dips. NMP manufacturers followed the market trend, and the market lacked positive signal guidance.
Market outlook
It is expected that the NMP market will maintain a stable operation at low levels in the short term.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
Related Information
- 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)
- 2024-04-02 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)
- 2024-03-19 SunSirs: This Week, the NMP Market Was Operating in a Stalemate (March 11-15)
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