Price trend

According to the data monitored by SunSirs, as of February 17, the average price of domestic general transparent PMMA was 14,875.00 RMB/ton. This week, the overall market of PMMA was stable, and the price remained unchanged compared with the same period last week. As of 17th, the market supply and demand were balanced, and the downstream purchased just in needed.

Analysis review

This week, the domestic general transparent PMMA operated smoothly, the price maintained the early trend, the overall market negotiation atmosphere was general, the range of quotations from mainstream manufacturers remained around 15,000 RMB/ton, the overall market operating rate was stable, the supply and demand were balanced, the manufacturers gave up profits to sell, and the downstream procurement was just mainly based on demand. Enterprise quotation: Shanghai Hongqi Plastic Technology Co., Ltd. 14,500 RMB/ton.

Rubber and plastic index: The rubber and plastic index stood at 681 points on February 16, up 1 point from the previous day, down 35.75% from the highest point of 1,060 points in the cycle (2012-03-14), and up 28.98% from the lowest point of 528 points on April 6, 2020. (Note: the period refers to 2011-12-01 to now).

Market outlook

PMMA analysts of SunSirs believe that PMMA will maintain its early trend and run smoothly in the short term.

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