SunSirs: This Week, the NMP Market Was Consolidating (January 2-5)

https://www.chemnet.com   Jan 05,2024 SunSirs

　　Price trend

　　According to the commodity market analysis system of SunSirs, the NMP market maintained stable operation this week. On January 2nd, the average price of NMP was 12,733 RMB/ton, and on January 5th, the average price of NMP was 12,733 RMB/ton, with no fluctuations during the cycle.

　　Analysis review

　　The SunSirs Commodity Market Analysis System showed that the NMP market had been low and stable this week. As of Friday, the mainstream retail price in the domestic electronic grade NMP market was 12,200-12,800 RMB/ton. The raw material end BDO market was stagnant and running smoothly, with light spot trading and cautious and stable trading by holders. The market's trading focus was relatively stronger. Insufficient follow-up on NMP demand side, light trading volume, and expected compression of downstream orders. The NMP factory on the production side remained stable, but due to low enthusiasm for downstream market entry and weak price support mentality, the market was in a stalemate.

　　Raw materials: The domestic BDO market remained stable at a low level. From January 2nd to 5th, the average domestic BDO price dropped from 9,521 RMB/ton to 9,514 RMB/ton, with a price drop of 0.07% during the cycle and weak cost support.

　　Market outlook

　　According to NMP analysts from SunSirs, the downstream follow-up of NMP prices is slow, and production remains low. It is expected that the NMP market will continue to remain sluggish in the near future.

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