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SunSirs: China PMMA was narrowly Weak in September
September 30 2022 09:29:05SunSirs(Selena)

According to the data monitored by SunSirs, as of September 29, the average price of PMMA for domestic general transparent premium products was 16,100.00 RMB/ ton. In September, the PMMA market was operating in a narrow and weak range, with an overall decline of 2.13%. At present, the mainstream price of the market was 16,100 RMB/ ton. The overall market supply and demand were balanced, the focus of negotiations was stable, and the operating rate was normal.

In the first ten days of September, as of September 7, the average price of PMMA for domestic general transparent premium products this week was 16,425.00 RMB/ ton, 0.15% lower than the PMMA price on September 1. The price of this week was narrow and strong, and fell compared with the same period last week. The range of price fluctuation was small. The range of quotations from mainstream manufacturers remained around 16,500 RMB/ ton. The overall PMMA market price remained stable, and the focus of discussion was stable. The range of prices this week was small, Overall market supply and demand balance.

In the middle of September, as of September 19, the average price of PMMA for domestic general transparent premium products was 16,400.00 RMB/ ton. The overall market was mainly stable, and the price change was not obvious. The quotation range of mainstream manufacturers was about 16,500 RMB/ ton. The merchants were active in shipping and taking orders for profit. Compared with last week, the price of PMMA was stable, the operating rate was stable, the overall supply and demand were balanced, and the purchase was just needed. At present, the focus of negotiations was stable, and the supply side was normal, The latest quotation of the enterprise: Shanghai Hongqi Plastic Technology Co., Ltd. 16,700 RMB/ ton.

In late September, as of September 27, the average price of domestic general transparent premium PMMA this week was 16,100.00 RMB/ ton, down 1.83% compared with the same period last week. The PMMA price is narrow and weak, and the overall market price fluctuation range is small. At present, the mainstream manufacturers' quotation range is about 16,100 RMB/ ton, and the PMMA market price is stable, the focus of negotiation is narrow and weak, the overall market supply and demand are balanced, and the operating rate is stable.

Rubber and plastic index: On September 29, the rubber and plastic index was 705 points, up 2 points from the previous day, down 33.49% from the highest point 1,060 (March 14, 2012) in the cycle, and up 33.52% from the lowest point 528 on April 6, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).

SunSirs PMMA analysts believe that the white carbon black market is expected to be stable and strong in October, with a small fluctuation range.

 

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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