SunSirs: PMMA Market Was Operating Stably (April 3-7)

Price trend

According to the analysis system of the commodity market of SunSirs, as of April 7th, the average price of China's general transparent grade premium PMMA was 14,775.00 RMB/ton. This week, PMMA prices were operating smoothly, with no significant price fluctuations, and downstream procurement was mainly in demand.

Analysis review

This week, the domestic general transparent grade excellent PMMA was running smoothly. Compared to the same period last week, the price remained stable and the focus of negotiations was stable. As of the 7th, the quotation range of mainstream manufacturers remained around 15,000 RMB/ton, and the overall market procurement atmosphere was average. The operating rate was stable, and the manufacturer made profit-cutting for shipment. Downstream procurement was just in needed. Enterprise quotation: Shanghai Hongqi Plastic Technology Co., Ltd. 14,300 RMB/ton.

Rubber and Plastic Index: On April 6th, the rubber and plastic index stood at 678 points, an increase of 1 point from the previous day, a decrease of 36.04% from the highest point in the cycle of 1,060 points (2012-03-14), and an increase of 28.41% from the lowest point of 528 points on April 6th, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

Market outlook

PMMA analysts from SunSirs believe that PMMA will maintain its early trend in the short term.

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

Price trend

According to the analysis system of the commodity market of SunSirs, as of April 7th, the average price of China's general transparent grade premium PMMA was 14,775.00 RMB/ton. This week, PMMA prices were operating smoothly, with no significant price fluctuations, and downstream procurement was mainly in demand.

Analysis review

This week, the domestic general transparent grade excellent PMMA was running smoothly. Compared to the same period last week, the price remained stable and the focus of negotiations was stable. As of the 7th, the quotation range of mainstream manufacturers remained around 15,000 RMB/ton, and the overall market procurement atmosphere was average. The operating rate was stable, and the manufacturer made profit-cutting for shipment. Downstream procurement was just in needed. Enterprise quotation: Shanghai Hongqi Plastic Technology Co., Ltd. 14,300 RMB/ton.

Rubber and Plastic Index: On April 6th, the rubber and plastic index stood at 678 points, an increase of 1 point from the previous day, a decrease of 36.04% from the highest point in the cycle of 1,060 points (2012-03-14), and an increase of 28.41% from the lowest point of 528 points on April 6th, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

Market outlook

PMMA analysts from SunSirs believe that PMMA will maintain its early trend in the short term.

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