1、 Price trend

According to the Commodity Market Analysis System of Business Society, the domestic NMP market remained stable at a low level in September. At the beginning of September, the average price of electronic grade NMP was 15333 yuan/ton, and on September 28th, the average price was 15333 yuan/ton, with no increase or decrease.

2、 Analysis and Review

As of September 28th, the mainstream prices of NMP bulk water in different regions in China are as follows:

Region/ September 28th

East China region/ 14500-15500 yuan/ton

Central China region/ 14500-15000 yuan/ton

Southwest region/ 14500-15500 yuan/ton

In September, the domestic NMP market maintained stability and stability. As of the 28th, the mainstream quotation for bulk water in the domestic electronic grade NMP market was 14500-15500 yuan/ton. The price of raw material BDO fluctuates and decreases, weakening cost support. The demand side of NMP remains weak, with a strong wait-and-see atmosphere. The NMP price is at the bottom, with factories mainly guarding prices and approaching the Double Festival. There is no obvious stock preparation performance in the market, and it is mainly used and purchased on demand.

In September, the domestic BDO market fluctuated and fell. Due to the continuous restart of upstream maintenance devices, the supply side has increased, and the demand side has been slow to follow up, resulting in a downward shift in the focus of market transactions. From September 1st to 27th, the average price of domestic BDO decreased from 11657 yuan/ton to 11085 yuan/ton, with a price drop of 4.90% during the cycle.

3、 Future Market Forecast

According to NMP analysts from Business Society, the current downstream construction of NMP remains low, and the market lacks effective positive factors to boost it. Under demand constraints, it is expected that the low NMP prices will be consolidated and operated in the short term.