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SunSirs: China PMMA Market slightly Rise (April 19-26)
April 28 2024 11:15:36SunSirs(Selena)

According to the analysis system of the commodity market of SunSirs, as of April 26th, the average price of domestic transparent grade premium PMMA was 17,166.67 RMB/ton. Last week, PMMA prices remained stable and slightly strong, with a price increase of 1.98% compared to the same period last week. Currently, there is some support on the upstream cost side, and downstream demand is average. The overall PMMA market supply and demand is balanced.

Last week, the price trend of domestic transparent grade premium PMMA was narrow and strong, with some support from the upstream cost side and decent downstream demand. The overall market was narrow and strong, with prices rising slightly. Currently, the focus of negotiations is stable, and the mainstream manufacturer's quotation range is still around 16,000 RMB/ton. Currently, the operating rate is stable, downstream consumption is normal, and the upstream trend remains narrow and strong. The current enterprise quotation is Shanghai Hongqi Plastics Technology Co., Ltd. at 15,300 RMB/ton.

PMMA analysts from SunSirs believe that in the short term, the PMMA market will remain stable with a slight upward trend, with mainstream prices maintaining at 15,600 RMB/ton.

 

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

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