SunSirs: PMMA Market Was Stable (April 7-14)
April 18 2023 13:57:54 SunSirs (John)
Price trend
According to the analysis system of the commodity market of SunSirs as of April 14th, the average price of China's general transparent grade premium PMMA was 14,775.00 RMB/ton. This week, PMMA prices were running smoothly, with no significant price fluctuations. Downstream procurement is mainly in needed.
Analysis review
This week, the general transparent grade premium product PMMA in China was operating smoothly. Compared to the same period last week, the price remained stable, and the purchasing atmosphere was cold and there was insufficient downstream demand. As of the 14th, the quotation range of mainstream manufacturers remains around 15,000 RMB/ton, with a stable operating rate. Overall market supply and demand balanced, manufacturers gave up profits to sell, and downstream procurement was just in needed. Enterprise quotation: Shanghai Hongqi Plastic Technology Co., Ltd. 14,300 RMB/ton.
Rubber and Plastic Index: On April 13, the rubber and plastic index was 675 points, a decrease of 1 point from the previous day, a decrease of 36.32% from the highest point in the cycle of 1,060 points (2012-03-14), and an increase of 27.84% from the lowest point of 528 points on April 6, 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 stable operation in the short term.
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