SunSirs: The NMP Market Had Been Operating Steadily at Low Levels This Week (April 8-12)
April 15 2024 15:29:50 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, the NMP market had remained stable this week. On April 8th, the average price of NMP was 11,766 RMB/ton, and on April 12th, the average price of NMP was 11,766 RMB/ton, with no fluctuations 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 11,500-12,000 RMB/ton as of Friday. The recent decline in raw material BDO had been significant. Although there were many companies undergoing maintenance and production shutdowns, the price boost was limited. The focus of the NMP market was unstable. Occasionally, low prices were reported, and the mentality of the operators was weak. Downstream purchased mainly on demand, and trading was weak, resulting in a relatively weak trading atmosphere.
Raw materials: The BDO market continued to decline. From April 8th to 12th, the average domestic BDO price dropped from 9,228 RMB/ton to 9,102 RMB/ton, with a 1.37% decrease in price during the cycle.
Market outlook
SunSirs’ NMP analysts believe that the 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)
- 2024-04-08 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)
- 2024-03-19 SunSirs: This Week, the NMP Market Was Operating in a Stalemate (March 11-15)
