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 January, indicating an overall weakness. At the beginning of January, the average price of electronic grade NMP was 12800 yuan/ton. On January 30th, the average price was 12566 yuan/ton, a decrease of 1.83%.

2、 Analysis and Review

 
As of January 30th, the mainstream prices of NMP bulk water in different regions of China are as follows:

Region/ January 30th

East China region/ 12200-13000 yuan/ton

Central China region/ 12500-13000 yuan/ton

Southwest region/ 12500-12800 yuan/ton

In January, the domestic NMP market continued to decline. As of the 30th, the mainstream retail price for electronic grade NMP in China was 12300-12800 yuan/ton. The BDO prices on the raw material side have fluctuated and fallen, with insufficient support on the cost side. The demand side of NMP remains weak, approaching the Spring Festival, and downstream production enthusiasm is not high. We are preparing to take an early holiday. The NMP factory on the production side remains stable, with a weak mentality. The quotation follows the market trend, and the price bottoms out, reducing the room for downward adjustment.

The domestic BDO market fluctuated and declined in January. From January 1st to 30th, the average domestic BDO price dropped from 9535 yuan/ton to 9424 yuan/ton, with a 1.17% decrease in price 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’s positive signals are weak. Currently, NMP is close to the bottom, and there is limited room for further decline. It is expected that NMP prices will consolidate and operate at a low level in the short term.