SunSirs: PMMA Market Was Stable (March 13-17)
March 22 2023 10:49:50 SunSirs (John)
Price trend
According to the data monitored by SunSirs, as of March 17, the average price of domestic generic transparent premium PMMA was 14,775.00 RMB/ton. This week, the overall PMMA market was in a weak position, with prices falling slightly. As of the 17th, the supply and demand of the market were balanced, with downstream replenishment on demand, and the focus of negotiations was stable.
Analysis review
This week, the domestic general transparent grade excellent PMMA mainly operated smoothly, with stable prices. The overall market negotiation atmosphere was general, the quotation range of mainstream manufacturers was maintained around 15,000 RMB/ton. The overall market operating rate was stable, and the supply and demand were balanced. The manufacturer gave up profits to sell goods, while the downstream procurement was mainly as required. Enterprise quotation: Shanghai Hongqi Plastic Technology Co., Ltd. 14,300 RMB/ton.
Rubber and Plastic Index: On March 16, the rubber and plastic index stood at 678 points, down 3 points from the previous day, down 36.04% from the cycle's highest point of 1,060 points (2012-03-14), and up 28.41% from the lowest point of 528 points on April 6, 2020.
Market outlook
PMMA analysts from SunSirs believe that in the short term, PMMA will maintain a stable operation with a limited range of price fluctuations.
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