SunSirs: The PMMA Market Was Mainly Operating Smoothly in May
June 02 2023 10:29:02 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of May 31, the average price of domestic transparent grade premium PMMA was 14,700.00 RMB/ton. This week, PMMA prices remained stable and maintained the previous trend, with no significant price fluctuations. Downstream procurement was mainly on demand.
Analysis review
In May, the domestic general transparent grade premium product PMMA operated smoothly, with prices remaining unchanged compared to the same period last week. The purchasing atmosphere was cold, and downstream demand was average. As of 31st, the quotation range of mainstream manufacturers remained around 14800 RMB/ton. The operating rate was stable, and the overall market supply and demand was balanced. Manufacturers were offering discounts for sales, and downstream purchases were just in needed. The enterprise’s quotation: Shanghai Hongqi Plastic Technology Co., Ltd. 14,500 RMB/ton.
Rubber and Plastic Index: On May 30th, the rubber and plastic index was 644 points, a decrease of 1 point from the previous day, a decrease of 39.25% from the highest point of 1,060 points in the cycle (2012-03-14), and an increase of 21.97% 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 in the short term, PMMA will maintain stable operation and the range of price fluctuations is limited.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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