1、 Price trend

According to the Commodity Market Analysis System of Business Society, the focus of the domestic NMP market continued to shift downwards in February, indicating an overall weakness. At the beginning of February, the average price of electronic grade NMP was 12566 yuan/ton. On February 29th, the average price was 12300 yuan/ton, a decrease of 2.12%.

2、 Analysis and Review

As of February 29th, the mainstream prices of NMP bulk water in different regions of China are as follows:

Region/ February 29th

East China region/ 11800-12200 yuan/ton

Central China region/ 12000-12200 yuan/ton

Southwest region/ 11800-12200 yuan/ton

In February, the domestic NMP market continued to decline. As of the 29th, the mainstream retail price for electronic grade NMP in China was 11800-12500 yuan/ton. Affected by traditional festivals, the NMP market has a weaker off-season in February. At the beginning of the month, due to poor profits, downstream companies prepared to suspend work and take a holiday in advance, and market transactions gradually decreased. The market was basically closed during the Spring Festival period. After the holiday, the downstream launch was slow, and NMP enterprises actively sold goods. However, the market atmosphere was cold, and NMP was under pressure to decline.

The domestic BDO market remained stable in February. From February 1st to 29th, the average domestic BDO price increased from 9421 yuan/ton to 9428 yuan/ton, with a price increase of 0.07% during the cycle,

3、 Future Market Forecast

According to NMP analysts from Business Society, the downstream follow-up of NMP prices is slow, and the market mentality is poor. Without clear positive signals to guide it, it is expected that NMP prices will consolidate and operate at a low level in the short term.