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SunSirs: China PMMA Market operates in a Narrow Range (August 2-9)
August 11 2022 09:35:43SunSirs(Selena)

According to the data monitored by SunSirs, as of August 9, the average price of PMMA of general transparent grade and excellent products in China this week was 16,475.00 RMB/ ton. The price of this week was narrow and strong. Compared with the price of the same period last week, the price fluctuation range was small. The quotation range of mainstream manufacturers remained around 16,500 RMB/ ton. The overall PMMA market price remained stable. The focus of negotiation was stable. The price range of this week was small, and the overall market supply and demand were balanced.

This week, the average price of PMMA for domestic general transparent grade excellent products is 16,875.00 RMB/ ton. The overall market is stable, and the price change is not obvious. The quotation range of mainstream manufacturers is around 16,500 RMB/ ton. Merchants are actively shipping and giving up orders. Compared with the price of last week, the price of PMMA is stable, the overall supply and demand is balanced, and the purchase is just needed. At present, the negotiation focus is stable and the supply side is normal.

Rubber and plastic commodity index: on August 8, the rubber and plastic index was 717 points, down 2 points from the previous year, down 32.36% from the highest point 1,060 points in the cycle (March 14, 2012), and up 35.80% from the lowest point 528 points on April 6, 2020. (Note: the period refers to December 1, 2011 to now).

SunSirs PMMA analysts believe that PMMA price and market in China are expected to be stable in the short term.

 

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