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SunSirs: China PMMA Market mainly Operates stably (September 12-19)

September 21 2022 09:13:31     SunSirs (Selena)

According to the data monitored by SunSirs, as of September 19, the average price of PMMA for domestic general transparent premium products was 16,400.00 RMB/ ton last week, which had no significant change compared with the price of the same period before. Last week, the price was narrow and strong, which fell compared with the price of the same period before. The range of price fluctuations was not large. The range of quotations from mainstream manufacturers remained about 16,400 RMB/ ton. The overall PMMA market price remained stable, and the focus of negotiations was stable, Last week, the price range was small, and the overall market supply and demand were balanced.

Last week, the average price of PMMA for domestic general transparent premium products was 16,400.00 RMB/ ton. The overall market was stable and the price change was not obvious. The quotation range of mainstream manufacturers remained around 16,500 RMB/ ton. The merchants took the initiative to deliver goods at a profit margin. Compared with the previous price, the price of PMMA 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.

Rubber and plastic index: On September 18, the rubber and plastic index was 707, unchanged from the previous day, 33.30% lower than the highest point 1,060 (March 14, 2012) in the cycle, and 33.90% higher than the lowest point 528 on April 6, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).

According to SunSirs PMMA analyst, China PMMA market and price are expected to operate stably in the short term.

 

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

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