1、 Price trend

According to the data monitoring of the business community, the NMP market rose strongly in October and then remained stable at a high level. The average price of electronic NMP at the beginning of the month was 26,566 yuan/ton, and the average price at the weekend was 28,000 yuan/ton, with a monthly increase of 5.4%.

2、 Analysis and review

According to the data monitoring of the business community, as of the 28th, the mainstream quotation in the domestic electronic NMP market was 27500-28500 yuan/ton, and the high-end quotation reached 30000 yuan/ton. At the beginning of October, some factories in the NMP market were short of supply and stopped reporting. It was discussed on a single basis. At the same time, the road transportation in some regions was blocked, and the arrival of NMP raw materials was limited. As a result, the NMP in some regions was insufficient to start work, the supply was tightened, the NMP price and goods were tight, and the downstream inquiry was active. Under the atmosphere of buying up but not buying down, the demand increased, and the market continued to rise until about the middle of October. From the end of October, the market maintained a stable trend, and the factories were willing to support prices, In the downstream, there is a resistance to high prices. The demand is relatively stable, and the market continues to push up with insufficient momentum.

As of October 28, the mainstream prices of NMP apron in different regions in China are as follows:

Region., October 27

Eastern China, 26000-27000 yuan/ton

Central China, 26000-27500 yuan/ton

Southwest China, 26500-27500 yuan/ton

In October, the domestic BDO market was mainly reorganized. After the National Day holiday, the rising trend in September continued. The auction prices of some manufacturers remained high. However, the sluggish demand restricts the growth of BDO market. Although the manufacturer has bid for 14700 yuan/ton for many times, it is hard to change the downtrend of downstream, and BDO market is frozen.

3、 Future market forecast

NMP analysts from Business Agency believe that at present, the NMP price has risen to a high level, and the downstream demand is average. At the same time, the price of raw materials tends to decline. It is expected that the market will have a narrow downward trend in the near future.