NMP prices rose sharply in September

1、 Price trend

According to the data monitoring of the business community, the NMP price rose sharply in September. The average price of electronic NMP at the beginning of the week was 23500 yuan/ton, and the average price at the weekend was 26566 yuan/ton, up 13.05%.

2、 Analysis and review

In September, the NMP market rose significantly. In the first half of the month, the market was relatively stable. The enterprises followed the trend and the prices were in line with the market. The mainstream quotation was around 22000-23000 yuan/ton. In the late September, the prices rose rapidly, the prices of upstream BDO and monomethylamine raw materials continued to rise, and the NMP prices rose with each passing day. At the end of September, the mainstream price of electronic NNP of the factory was around 27000 yuan/ton, the market inquiry was active, the market attention increased, and the trading was slightly active.

Upstream: In September, the domestic BDO market changed from a sluggish market, and the price rose significantly. The main reason is that the supply of equipment maintenance of the manufacturer is reduced, and a small number of high prices are auctioned to support the market, as well as the demand driven by the downstream manufacturers’ pre holiday stock. At the end of September, the mainstream negotiation of spot apron in South China was 14000-14500 yuan/ton, and the negotiation of barreled apron was 15000-16000 yuan/ton (delivered by acceptance); In East China, 14000-14500 yuan/ton was negotiated for spot bulk water and 15000-16000 yuan/ton was negotiated for barreled bulk water (delivered by acceptance).

3、 Future market forecast

NMP analysts from Business Agency believe that the current NMP market driving atmosphere has weakened, and the price of raw materials has stabilized. At the same time, considering the downstream reception, it is not expected that the NMP market will continue to rise significantly in the near future, mainly due to high level shocks.