Price trend
On the 22nd, the domestic NMP market price fell and was put into operation. The average price of the electronic-grade NMP market was 27,500 RMB/ton, which was no change from the previous day, and a decrease of 18.36% from the 30th. The price of upstream raw materials continued to fall, while downstream demand was sluggish, and there were many small orders, and there was a strong atmosphere of buying up rather than down.
Analysis review
Upstream BDO: The BDO market continued to decline, with some companies bidding at 15,100RMB/ton during the week. Prices in many downstream industries fell passively, increasing resistance to raw materials. Although some production companies reduced production and announced overhaul news, it was still difficult to boost the atmosphere of the BDO market downturn.
Market outlook
The NMP analyst of SunSirs believes that the current NMP price follows the market, and the market transaction center is still downward. It is expected that the domestic NMP price will continue to decline weakly in the near future.
