Price trend

According to the Commodity Market Analysis System of SunSirs, the NMP market adjusted slightly this week, with an average price of 15,333 RMB/ton on October 7th and 15,233 RMB/ton on October 13th, a decrease of 0.65%.

Analysis review

According to the Commodity Market Analysis System of SunSirs, the NMP market as a whole was operating smoothly this week, with some minor adjustments. As of Friday, the mainstream quotation for domestic electronic grade bulk NMP market was 14,500-15,500 RMB/ton. After the holiday, the price of raw material BDO fluctuated and fell, and under the contradiction between supply and demand, prices remained weak. The follow-up on the NMP demand side was insufficient, the wait-and-see atmosphere was strong and mainly based on demand. The NMP factory on the production side maintained stability, with a strong attitude towards price support, and the market was stuck in a prolonged stalemate.

Raw materials: The domestic BDO market was fluctuating and declining. From October 7th to 12th, the average price of domestic BDO fell from 11,071 RMB/ton to 10,685 RMB/ton, a decrease of 3.48% during the cycle, cost support weakened and exacerbated the negative impact on NMP.

Market outlook

SunSirs NMP analysts believe that as of the 13th, the downstream of NMP was slow to follow up, 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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