SunSirs: With the Help of Cost, the NMP Market Rose with the Trend (September 19-23)
September 26 2022 09:44:14 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, the price of NMP rose sharply this week. The average price of electronic grade NMP at the beginning of the week was 24,500 RMB/ton, and the average price at the weekend was 26,566 RMB/ton, an increase of 8.44%.
Analysis review
The NMP market rose significantly this week, mainly due to the rising price of raw materials. The upstream BDO and monomethylamine raw material prices continued to rise, and the NMP price rose along with it, and took advantage of the trend to rise. As of the 23rd, the mainstream quotation of factory electronic grade NMNP was around 27,000 RMB/ton, the market inquiries were active, the market attention increased, and the trading was slightly active.
Upstream: The BDO market was consolidating after rising. The supplier's intention to support the market continued, the trade market offer was rarely heard, the downstream entered the market to wait and see, and followed up with small orders on demand, and the atmosphere of negotiation in the market was general.
Market outlook
The NMP analyst of SunSirs believes that the current NMP market has a strong atmosphere of rising, but the price of raw materials has stopped rising and stabilized and there is a lack of real order support. It is expected that the NMP market is unlikely to continue to rise sharply in the short term, and it will be dominated by high fluctuations.
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