SunSirs: China PMMA Market Weak Down (December 20-27)
December 28 2022 15:20:36 SunSirs (Selena)
According to the data monitored by SunSirs, as of December 27, the average price of PMMA for domestic general transparent premium products was 14,875.00 RMB/ton, a narrow drop compared with the same period last week, with the price dropping 4.03%. The overall market was dominated by weak operation, and supply and demand were balanced.
This week, the PMMA of domestic general transparent superior products ran in a weak position, and the price dropped slightly. The quotation range of mainstream manufacturers remained at about 15,000 RMB/ton. At present, the overall logistics is slow. The downstream just needs to purchase mainly. The overall market supply and demand are balanced. The manufacturer gave up profits and took orders. The latest quotation of the enterprise: Shanghai Hongqi Plastic Technology Co., Ltd. 14,800 RMB/ton.
Rubber and plastic index: On December 27, the rubber and plastic index was 667 points, up 1 point from yesterday, down 37.08% from the highest point in the cycle 1,060 points (March 14, 2012), and up 26.33% from the lowest point 528 points on April 6, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).
PMMA analysts from SunSirs believe that in the short term, China PMMA will mainly operate in a weak and stable way.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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