Price trend
According to the Commodity Analysis System of SunSirs, after the May Day holiday, the domestic NMP market experienced two small increases. As of this Thursday, the mainstream market price for bulk NMP was around 19,500 RMB/ton.
Analysis review
Due to the recent wide increase in the prices of raw materials BDO and monomethylamine, cost support was significant. NMP factories supported and pushed up prices, and the NMP market started to rebound. Downstream purchasing goods was relatively cautious.
Market outlook
It is expected that the focus of the NMP market will temporarily stabilize in the short term, mainly digesting gains.
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