Price trend

According to data monitoring by SunSirs, the NMP market continued its downward trend this week (3.13-3.17), with the average price of electronic grade NMP of 21,400 RMB/ton at the beginning of the week and 20,400 RMB/ton at the end of the week, a decrease of 4.67%.

Analysis review

According to data monitoring by SunSirs, as of Friday, the mainstream quotation in the domestic electronic grade NMP market was 17,500-19,000 RMB/ton. On the market, there was less buying sentiment and a strong bearish mentality. Downstream bargain-hunting occured, and most of the traded orders were small orders. Some production enterprises had high inventory levels and high shipping pressure, and they cut prices to stimulate good shipment.

Raw materials: From March 13th to 16th, the domestic BDO price fell from 12,680 RMB/ton to 12,160 RMB/ton, with a price decrease of 4.1% during the cycle. Due to the impact of supply and demand, the raw material market continued to be weak, and the cost side was negative.

 Market outlook

NMP analysts from SunSirs believe that as of the end of this week, the buying atmosphere in NMP market was weak, and the market mainly digested inventory. It is expected that in the near future, NMP prices will continue to decline mainly to further stimulate the purchase of goods.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com