SunSirs: NMP Market Rebounded Slightly with Cost Support

https://www.chemnet.com   Dec 20,2022 SunSirs

　　Price trend

　　According to the data monitoring of SunSirs, the NMP market continued to rebound slightly this week (12.12-12.16). The average price of electronic NMP at the beginning of the week was 22,833 RMB/ton, and the average price at the weekend was 23,000 RMB/ton, up 0.73%.

　　Analysis review

　　According to the data monitoring of SunSirs, as of Friday, the mainstream quotation in the domestic electronic NMP market was 21,000-22,500 RMB/ton. With the shift of the raw material cost center upward, the NMP market rose, and the downstream began to actively enter the market. The number of inquiries increased, but the transaction was limited. Most of the upstream companies followed the market, and the focus of most deals remaindd unchanged. Some large factories stopped offering and negotiated one order by one order separately.

　　Raw materials: the focus of BDO transaction moved up slightly this week. Due to the tightening of spot supply, the upstream market had an obvious willingness to maintain prices, and prices in some markets had risen steadily. However, the downstream follow-up situation was general, and the overall market volatility was not obvious.

　　Market outlook

　　NMP analysts from SunSirs believe that, supported by cost, NMP rebounded, and the demand side still needed to be improved. As the specific trend of raw material BDO price was still uncertain, it’s needed to pay close attention to the changes of cost and supply and demand in the NMP market in the future.

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