SunSirs: The PMMA Market Was Mainly Operating Smoothly in April
April 28 2023 11:31:07 SunSirs (John)
Price trend
According to the analysis system of the commodity market of SunSirs, as of April 27th, the average price of domestic transparent grade premium PMMA was 14,775.00 RMB/ton. In April, the overall PMMA market maintained stable operation, and the overall market supply and demand were balanced. Compared to the same period last month, the price change was not significant and downstream restocking was on demand.
Analysis review
In April, the domestic general transparent grade premium PMMA was mainly operating smoothly. As of the 27th, the mainstream price remained at 14,800 RMB/ton, and the overall market negotiation atmosphere was average. Downstream procurement was just in needed, and replenishment was on demand. The focus of the negotiation was stable, the overall market operating rate was stable, supply and demand were balanced, and manufacturers were willing to offer discounts for sales. Enterprise quotation: Shanghai Hongqi Plastic Technology Co., Ltd. 14,300 RMB/ton.
Rubber and Plastic Index: On April 26, the rubber and plastic index was 679 points, a decrease of 1 point from the previous day, a decrease of 35.94% from the highest point in the cycle of 1,060 points (2012-03-14), and an increase of 28.60% 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, with a mainstream price of 14,800 RMB/ton.
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