Price trend
On the 27th, the domestic NMP market was organized and operated. The average domestic market price was stable at 23,500 RMB/ton, and the market was willing to support the price. The mainstream factory bulk water quotations were around 25,000-26,000 RMB/ton, and the actual transaction price was mainly negotiated. The downstream just needed to purchase, the demand follow up was general and the NMP price rose weakly.
Analysis review
Upstream: The BDO market was sorted and wait-and-see. The quotations of manufacturers did not fluctuate significantly. Some manufacturers ha announced high-price settlement prices and new moon listing prices. They still showed obvious intention to maintain prices and supported the market. Traders offered a small amount of stable prices.
The operating rate of downstream production enterprises was not high, and they mainly purchased just on demand, and the overall performance of the demand side was not good.
Market outlook
The NMP analyst of SunSirs believes that the cost price is consolidating and the downstream demand is general. It is expected that the NMP market will be mainly organized in the near future.
