1、 Price trend

According to the Commodity Market Analysis System of the Business Society, the domestic NMP market was reorganized and operated in July, with a downward shift in focus. At the beginning of July, the average price of electronic grade NMP was 17333 yuan/ton. As of July 31st, the average price was 17000 yuan/ton, a monthly decrease of 1.92%.

2、 Analysis and Review

As of July 31st, the mainstream prices of NMP bulk water in different regions in China are as follows:

Region/ July 31st

East China/ 15500-16000 yuan/ton

Central China/ 15000-16000 yuan/ton

Southwest region/ 15000-16000 yuan/ton

In July, the domestic NMP market showed significant stability and slight fluctuations, lacking substantial positive factors to support the market. Enterprise quotations were on the market, with downstream demand being the main force. The increase in construction work did not change much, resulting in limited demand growth and limited support for NMP. The NMP of raw materials fluctuated downward, and cost support further weakened.

In July, the domestic BDO market saw a unilateral decline, with a slight rebound at the end of the month. From July 1st to 27th, the average price of domestic BDO decreased from 11421 yuan/ton to 10942 yuan/ton, with a 4.19% decrease in price during the cycle.

3、 Future Market Forecast

Business Society NMP analysts believe that the current downstream construction of NMP remains low, and under demand constraints, it is expected that in the short term, NMP prices will be adjusted and operated at a low level in the future.