Price trend

According to the Commodity Market Analysis System of SunSirs, the NMP market maintained stable operation this week. On September 4th, the average price of NMP was 15,333 RMB/ton, and on September 8th, the average price of NMP was 15,333 RMB/ton, with no increase or decrease.

Analysis review

According to the Commodity Market Analysis System of SunSirs, the overall NMP market had maintained stable operation this week. As of Friday, the mainstream retail prices in the domestic electronic grade NMP market were 14,500-15,500 RMB/ton. The price of raw material BDO remained stable, and the market's spot stock was tight, but downstream gas buying was average. The demand side of NMP remained weak, the wait-and-see atmosphere was strong and downstream was mainly on demand. The NMP factory on the production end maintained stability, with a strong willingness to sell goods, and prices followed the market.

Raw materials: This week, the raw materials BDO market saw significant stability and slight fluctuations, with high-level consolidation and operation. There was still some support on the supply side, but the downstream of the terminal had limited ability to accept high prices. The follow-up was mainly contract orders, while the follow-up of spot were general, which might suppress the market trend.

Market outlook

SunSirs’ NMP analysts believe that as of September 8th, the downstream follow-up of NMP prices had been slow, and the market's positive signals were weak. It is expected that NMP prices will fluctuate at low levels in the short term.

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