1、 Price trend

According to the Commodity Market Analysis System of Shengyishe, the NMP market continued to decline this week, with an average price of 13766 yuan/ton on November 20th and 13166 yuan/ton on November 24th, a decrease of 1.36%.

2、 Analysis and Review

According to the Commodity Market Analysis System of Business Society, the NMP market continued to decline this week, with mainstream retail prices in the domestic electronic grade NMP market reaching 12500-135000 yuan/ton as of Friday. The BDO market on the raw material side has been consolidating at a low level, and the current price has dropped to a low level, with limited room for further decline. The recent consolidation operation has provided weak support for the NMP market. Insufficient follow-up on NMP demand side, with a strong wait-and-see atmosphere and a focus on just needs. The NMP factory on the production side remains stable, but due to the prolonged market downturn and weak price support mentality, the market focus has shifted downwards.

As of November 24th, the mainstream prices of NMP bulk water in different regions of China are as follows:

Region/ November 24th

East China region/ 13500-14000 yuan/ton

Central China region/ 12500-13000 yuan/ton

Southwest region/ 12500-135000 yuan/ton

Raw materials: The domestic BDO market has slightly increased. From November 20th to November 24th, the average price of domestic BDO increased from 9935 yuan/ton to 9942 yuan/ton, with a 0.07% increase during the cycle. The market situation is still weak, and the impact on NMP support is minimal.

3、 Future Market Forecast

According to NMP analysts from Business Society, the downstream follow-up of NMP prices is slow, and production remains low. It is expected that the NMP market will continue to remain sluggish in the near future.