1、 Price trend

According to the Commodity Market Analysis System of Business Society, the NMP market continued to decline this week. On October 30th, the average price of NMP was 15000 yuan/ton, and on November 3rd, the average price of NMP was 14600 yuan/ton, a decrease of 2.67%.

2、 Analysis and Review

According to the Commodity Market Analysis System of Business Society, the NMP market continued to decline this week, and as of Friday, the mainstream retail prices in the domestic electronic grade NMP market were 14000-15000 yuan/ton. The price of raw material BDO has further declined, and the downstream has a strong resistance to high prices, so they are buying on dips. Insufficient follow-up on the NMP demand side, with a strong wait-and-see atmosphere and a focus on just needs. The NMP factory on the production side has remained stable, but due to the prolonged market downturn and weak price support mentality, the market focus has shifted downwards.

As of November 3rd, the mainstream prices of NMP bulk water in different regions in China are as follows:

Region/ November 3rd

East China region/ 14500-15500 yuan/ton

Central China region/ 14000-15000 yuan/ton

Southwest region/ 14000-15500 yuan/ton

Raw materials: The domestic BDO market is weak and slightly declining. From October 30th to November 3rd, the average price of domestic BDO fell from 10157 yuan/ton to 10017 yuan/ton, a decrease of 1.38% during the cycle. Cost support further weakened, exacerbating the negative impact on NMP.

3、 Future Market Forecast

Business Society NMP analysts believe that the current downstream follow-up of NMP prices is slow, and construction remains low. It is expected that the NMP market may continue to maintain a sluggish trend in the near future.