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SunSirs: China PMMA Market Operates in a Narrow Range (September 20-27)
September 28 2022 10:14:42SunSirs(Selena)

According to the data monitored by SunSirs, as of September 27, the average price of PMMA for domestic general transparent premium products 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 quotation range of mainstream manufacturers is about 16,100 RMB/ ton. The PMMA market price is mainly stable, the focus of negotiation is narrow and weak, and the overall market supply and demand are balanced, The operating rate is stable.

This week, the average price of PMMA for domestic general transparent premium products was 16,100.00 RMB/ ton. The overall market was stable, with a slight downward trend in prices. The quotation range of mainstream manufacturers remained at about 16,100 RMB/ ton. The merchants actively shipped goods and took orders with profits. Compared with last week, the price fell 1.83%. The PMMA price was stable, with the overall supply and demand balance at present, and the downstream just needed to purchase. At present, the focus of negotiations is weak, and the supply side is normal, The latest quotation of the enterprise: Shanghai Hongqi Plastic Technology Co., Ltd. 16,600 RMB/ ton.

Upstream phenol: As of September 26, the phenol market has risen slightly. The ex factory price of phenol products of Lihua Yiweiyuan Chemical Co., Ltd. has risen by 200 RMB/ ton to 11,100 RMB/ ton. As the supply of goods is tight, people are reluctant to sell, and the price remains high in the short term.

Rubber and plastic index: On September 26, the rubber and plastic index was 705 points, up 3 points from the previous day, down 33.49% from the highest point in the cycle 1,060 points (March 14, 2012), and up 33.52% from the lowest point 528 points on April 6, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).

According to SunSirs PMMA analysts, the PMMA price is mainly stable, with a limited range of price fluctuations, and the mainstream price is about 16,100 RMB/ ton.

 

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

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