Price trend

According to the Commodity Market Analysis System of SunSirs, the NMP market continued to decline this week, with an average price of 13,766 RMB/ton on November 20th and 13,166 RMB/ton on November 24th, a decrease of 1.36%.

Analysis review

According to the Commodity Market Analysis System of SunSirs, the NMP market continued to decline this week, with mainstream retail prices in the domestic electronic grade NMP market reaching 12,500-13,500 RMB/ton as of Friday. The BDO market on the raw material side had been consolidating at a low level, and the price had fallen to a low level, and there was limited room for further decline. The recent consolidation and operation had provided weak support for the NMP market. The follow-up on NMP demand side was insufficient, with a strong wait-and-see atmosphere and mainly just in needed. The NMP factory on the production side remained stable, but due to the prolonged market downturn and weak price support mentality, the market focus had shifted downwards.

Raw materials: The domestic BDO market had slightly increased. From November 20th to November 24th, the average price of domestic BDO increased from 9,935 RMB/ton to 9,942 RMB/ton, with a 0.07% increase during the cycle. The market situation wass still weak, and the impact on NMP support was minimal.

Market outlook

According to NMP analysts from SunSirs, the downstream follow-up of NMP prices is slow, and production remains low. It is expected that the NMP market will continue to remain sluggish in the near future.

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