Price trend

According to the commodity market analysis system of SunSirs, the NMP market haD remained stable this week. On May 6th, the average price of NMP was 11,700 RMB/ton, and on May 11th, the average price of NMP was 11,700 RMB/ton, with no fluctuations during the cycle.

Analysis review

According to the Commodity Market Analysis System of SunSirs, the NMP market remained weak this week, with mainstream retail prices in the domestic electronic grade NMP market reaching 11,500-12,000 RMB/ton as of Friday. The raw material end BDO had experienced a narrow decline this week, with ample market supply and a poor mentality among industry players. The NMP market quotation was temporarily stable, and there was no significant improvement in the downstream demand market. Trading was weak, and the trading atmosphere was relatively weak.

Raw materials: The BDO market has experienced a narrow decline. From May 5th to 10th, the average domestic BDO price dropped from 9,042 RMB/ton to 9,014 RMB/ton, with a price drop of 0.32% during the cycle.

Market outlook

According to NMP analysts from SunSirs, the willingness of NMP factories to maintain prices was evident, and downstream buying enthusiasm was not high. In the absence of significant changes in raw materials and demand, it is expected that the NMP market will maintain a low level of operation.

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