1、 Price trend

According to data monitoring from Business News Agency, the domestic NMP market did not experience significant fluctuations in April, and the market was operating sideways. At the beginning of the month, the average price of electronic grade NMP was 18333 yuan/ton. On April 27th, the average price was 18166 yuan/ton, a monthly decrease of 0.91%.

2、 Analysis and Review

As of April 27th, the mainstream prices of NMP bulk water in different regions in China are as follows:

Region/ April 27th

East China region/ 15000-16000 yuan/ton

Central China region/ 15500-16500 yuan/ton

Southwest region/ 15000-16000 yuan/ton

In April, the domestic NMP market stopped falling and stabilized, with the overall market mainly experiencing a slight decline. Due to the current NMP price falling below the cost line, factories are intentionally pushing up prices, and the cost side support is gradually strengthening, limiting the downward space for the NMP market. Downstream demand remains high, while overall construction remains low, resulting in overall high market inventory and bearish demand side constraints on the NMP market.

In April, the price of raw material BDO fluctuated and increased. According to data monitoring from Business News Agency, from April 1st to 27th, the average price of domestic BDO increased from 10500 yuan/ton to 11474 yuan/ton, with a price increase of 9.3% during the cycle and a year-on-year decrease of 55.8%. The market has started at a low level, and supply has tightened, driving BDO prices to continue to rise. NMP cost support is also gradually increasing, suppressing further price declines.

3、 Future Market Forecast

According to NMP analysts from the Business Society, materials such as lithium carbonate in the lithium battery industry have recently fallen to a low level and started to stabilize. In addition, inventory has been further digested, and lithium battery production enterprises have increased their willingness to start operations. It is expected that the NMP market will rebound in the short term in May, and the probability of NMP rising will increase.