SunSirs: The NMP Market Had Been Operating Weakly and Steadily This Week (February 19-23)

https://www.chemnet.com   Feb 27,2024 SunSirs

　　Price trend

　　According to the commodity market analysis system of SunSirs, the NMP market had been operating weakly this week. On February 19th, the average price of NMP was 12,300 RMB/ton, and on February 23rd, the average price of NMP was 12,300 RMB/ton, with no fluctuations during the cycle.

　　Analysis review

　　According to the Commodity Market Analysis System of SunSirs, the overall NMP market had been operating at a low level this week. As of Friday, the mainstream retail price in the domestic electronic grade NMP market was 11,800-12,200 RMB/ton. The raw material end BDO market was operating steadily at a low level, and downstream demand was not following up enough, resulting in a market stalemate and consolidation. The NMP demand market was slowly recovering, with inventory digestion being the main focus. The transaction was light, and some downstream markets had not fully recovered.

　　Raw materials: The BDO market fluctuated narrowly. From February 18th to 23rd, the average domestic BDO price increased from 9,421 RMB/ton to 9,428 RMB/ton, with a price increase of 0.08% during the cycle.

　　Market outlook

　　SunSirs’NMP analysts believe that the performance of the NMP market was weak, and the market lacked positive signal guidance. It is expected that the market will remain weak in the short term.

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