SunSirs: China PMMA Market was mainly Operating smoothly (October 7-13)
October 16 2023 13:10:05 SunSirs (Selena)
According to the analysis system of the commodity market of SunSirs, as of October 13th, the average price of PMMA, a general transparent premium product in China, was 14,666.67 RMB/ton. This week, the price of PMMA showed a narrow and strong trend, with a price increase of 0.46% compared to the same period last week, with downstream procurement being the main focus.
This week, the general transparent grade premium product PMMA in China remained stable and strong, with a price increase of 0.46% compared to the same period last week. The purchasing atmosphere is average, and downstream demand is average. Currently, the quotation range of mainstream manufacturers remains around 14,666.67 RMB/ton. The operating rate is stable, and the overall market supply and demand is balanced. The factory is willing to give up profits and orders, while downstream demand procurement is the main focus. The enterprise quotation is Shanghai Hongqi Plastic Technology Co., Ltd. at 14,800 RMB/ton.
Rubber and Plastic Index: On October 12, the rubber and plastic index was 683 points, a decrease of 3 points from yesterday, a decrease of 35.57% from the highest point in the cycle of 1,060 points (2012-03-14), and an increase of 29.36% 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).
PMMA analysts from SunSirs believe that in the short term, PMMA will mainly maintain stable operation, with a narrow range of strong operation.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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