1、 Price trend

According to the Commodity Market Analysis System of Business Society, the domestic NMP market steadily declined in June. At the beginning of the month, the average price of electronic grade NMP was 1800 yuan/ton. On June 29th, the average price was 17333 yuan/ton, a monthly decrease of 3.7%.

2、 Analysis and Review

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

Region/ June 29th

East China/ 15500-16000 yuan/ton

Central China/ 15000-16000 yuan/ton

Southwest region/ 15000-16000 yuan/ton

The NMP market steadily declined in June, and the overall performance was average. Starting from the beginning of the month, downstream demand has rebounded relatively slowly, and the overall market performance is average. The slight rebound in upstream raw materials has limited impact on the NMP market. NMP manufacturers are following the market trend, but due to the low price, the market is stagnant and running smoothly. Throughout the month, the guidance of positive news is unclear, leading to a weak mentality among businesses. Under the leadership of buyers, the NMP market is prone to decline but difficult to rise.

In June, the price of raw material BDO changed from a decline to an increase. According to the Commodity Market Analysis System of the Business Society, the domestic BDO market in June first fell and then rose, with a consolidation of fluctuations. From June 1st to 26th, the average price of domestic BDO increased from 11300 yuan/ton to 11422 yuan/ton, with a price increase of 1.09% during the cycle.

3、 Future Market Forecast

According to NMP analysts from Business Society, the current downstream construction of NMP is relatively low, and under demand constraints, it is expected that in the short term, NMP prices will be adjusted and operated at a low level in the future.