SunSirs: PMMA Market Was Stable (March 3-10)
March 14 2023 14:01:56 SunSirs (John)
Price trend
According to the data monitored by SunSirs, as of March 10, the average price of PMMA for domestic general transparent premium products was 14,875.00 RMB/ton. This week, the overall PMMA market maintained stable operation, and the price change was not significant compared with the same period last week. As of March 10, the supply and demand of the market was balanced, and the downstream replenished goods as needed.
Analysis review
This week, the domestic general transparent premium PMMA operated smoothly, the price remained stable, 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 based in needed mainly. Enterprise quotation: Shanghai Hongqi Plastic Technology Co., Ltd. 14,300 RMB/ton.
Rubber and plastic index: On March 9, the rubber and plastic index was 684 points, down 1 point from the previous day, down 35.47% from the highest point of 1,060 points in the cycle (2012-03-14), and up 29.55% 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 stable operation in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
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