1、 Price trend

According to the commodity market analysis system of Business Society, the NMP market has been operating weakly this week. On March 11th, the average price of NMP was 12233 yuan/ton, and on March 15th, the average price of NMP was 12166 yuan/ton, a decrease of 0.54% during the cycle.

2、 Analysis and Review

According to the Commodity Market Analysis System of Business Society, the NMP market did not show significant improvement this week and maintained a stalemate and consolidation operation. As of Friday, the mainstream retail price in the domestic electronic grade NMP market was 11800-12200 yuan/ton. The raw material end BDO market is operating steadily at a low level, and downstream demand is not following up enough, resulting in a market stalemate and consolidation. The demand for NMP in the market is mainly for basic needs, and there is a lack of price support mentality. Some factories have slightly lowered their quotations. Downstream cautious entry into the market, with a strong wait-and-see atmosphere.

As of March 15th, the mainstream prices of NMP bulk water in different regions of China are as follows:

Region/ March 15th

East China region/ 12000-12200 yuan/ton

Central China region/ 11800-12000 yuan/ton

Southwest region/ 11800-12200 yuan/ton

Raw materials: The BDO market fluctuated narrowly. From March 11th to 15th, the average domestic BDO price dropped from 9428 yuan/ton to 9400 yuan/ton, with a 0.30% drop in price during the cycle.

3、 Future Market Forecast

Business Society NMP analysts believe that the current performance of the NMP market is weak, and the market lacks positive signal guidance. It is expected that the market will remain weak in the short term.