1、 Price trend

According to the Commodity Market Analysis System of Shengyishe, the focus of the domestic NMP market continued to shift downwards in November, with an increased decline. At the beginning of November, the average price of electronic grade NMP was 14733 yuan/ton. On November 29th, the average price was 13000 yuan/ton, a decrease of 11.76%.

2、 Analysis and Review

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

Region/ November 29th

East China region/ 12500-135000 yuan/ton

Central China region/ 13500-13500 yuan/ton

Southwest region/ 13000-135000 yuan/ton

In November, the domestic NMP market continued to decline, and as of the 29th, the mainstream retail price for electronic grade NMP in China was 12500-135000 yuan/ton. The price of raw material BDO has fluctuated and fallen, weakening cost support. The demand side of NMP remains weak, with a strong wait-and-see atmosphere. Insufficient follow-up on the demand side, a strong wait-and-see atmosphere, and a focus on just needs. The NMP factory on the production side remains stable, with a weak mentality and prices following the market trend. The market is still in a downward trend.

In November, the domestic BDO market stabilized first and then fell. As of November 29th, the average price of domestic BDO has dropped from 10157 yuan/ton to 9636 yuan/ton, with a 5.2% decline in prices during the cycle. Cost support has further weakened, leading to an increase in the decline in NMP.

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.