Price trend
According to the Commodity Market Analysis System of SunSirs, the NMP market maintained stable operation this week. On July 3rd, the average price of NMP was 17,333 RMB/ton, and on July 7th, the average price of NMP was 17,333 RMB/ton, with no fluctuations during the cycle.
Analysis review
According to the Commodity Market Analysis System of SunSirs, as of Friday, the mainstream quotation for bulk electronic grade NMP in the domestic NMP market was 15,500-16,500 RMB/ton. The raw material end BDO market was undergoing consolidation and operation, with manufacturers showing a clear willingness to increase prices. However, downstream gas purchases were insufficient, and NMP cost support was insufficient. The demand side remained stable, with a slight increase in downstream construction and limited demand growth. The NMP factory on the production end maintained stability, with a strong willingness to sell goods, and prices followed the market.
Raw materials: The price of raw material BDO rose and then fell. Due to the restart plan of maintenance enterprises, there was an expectation of continuous increase in supply, and there was no significant improvement in demand, making prices easy to fall but difficult to rise.
Market outlook
SunSirs’NMP analysts believe that as of July 7th, NMP prices were in the bottoming stage, and there was no significant improvement in downstream demand. It is expected that NMP prices will fluctuate at low levels in the short term.
