SunSirs: The NMP Market Had Been Operating Steadily This Week (April 15-19)
April 23 2024 13:39:39 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, the NMP market haD remained stable this week. On April 15th, the average price of NMP was 11,766 RMB/ton, and on April 19th, 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. As of Friday, the mainstream retail price for domestic electronic grade NMP market was 11,500-12,000 RMB/ton. The raw material end BDO experienced a narrow decline this week, with weak market performance and a stalemate in consolidation operations. The NMP market quotation was temporarily stable, and there was no significant improvement in the downstream demand market. Trading was weak, and the trading atmosphere was relatively weak.
Raw materials: The BDO market had experienced a narrow decline. From April 15th to 19th, the average domestic BDO price dropped from 9,100 RMB/ton to 9,072 RMB/ton, with a price drop of 0.31% during the cycle.
Market outlook
According to NMP analysts from SunSirs, the willingness of NMP factories to maintain prices was evident. With no significant changes in raw materials and demand, it is expected that the NMP market will maintain a stable trend at low levels.
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- 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
- 2024-03-26 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)
