1、 Price trend
According to data monitoring from Business News Agency, the domestic NMP market experienced a significant decline in March, exceeding expectations. At the beginning of the month, the average price of electronic grade NMP was 22500 yuan/ton, while at the end of the month, the average price was 18333 yuan/ton, a monthly decrease of 18.52%.
2、 Analysis and Review
As of March 31, the mainstream prices of NMP bulk water in different regions in China are as follows:
Region/ March 31st
East China region/ 16000-16500 yuan/ton
Central China region/ 15500-16000 yuan/ton
Southwest region/ 15500-16000 yuan/ton
In March, the domestic NMP market experienced a broad decline, making it difficult for downstream demand to increase. Enterprise inventory was high, and shipping pressure was high. It is understood that the lithium battery industry chain has been continuously “cold” since 2023. Due to various factors such as the slowdown in terminal demand for new energy vehicles, discounts and promotions for fuel vehicles, and the decline in international oil prices, the prices of lithium salts and related products have been declining, and NMP prices are no exception. There is a strong atmosphere of observation on the market, and NMP prices have been constantly falling in an atmosphere of buying up or not buying down.
The price of raw material BDO continued to decline in March. According to data monitoring by Business News Agency, from March 1st to 29th, the average price of domestic BDO dropped from 13816 yuan/ton to 10820 yuan/ton, with a 21.69% decrease in price during the cycle and a 60.32% year-on-year decrease in price. Downstream demand is not expected to improve, and the future market continues to be bearish. Raw materials are dragging down, further suppressing NMP prices.
3、 Future Market Forecast
According to NMP analysts from Business Society, the lithium battery industry may start to improve in April, and if demand is effectively followed up, NMP prices are expected to stop falling and stabilize.
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