SunSirs: The PMMA Market is mainly Operating in a Narrow Range with Weak Performance (November 7-14)
November 16 2023 10:08:54 SunSirs (Selena)
According to the analysis system of the commodity market of the SunSirs, as of November 14th, the average price of PMMA, a general transparent and high-quality product in China, was 14,566.67 RMB/ton. Last week, the price of PMMA showed a narrow and weak trend, and compared to the same period of the previous week, the price remained stable. Downstream demand procurement was the main focus of negotiations, and the focus of negotiations was stable.
Last week, PMMA, a general transparent premium product in China, showed a stable and weak trend. Compared to the same period of the previous week, the price was stable, and the purchasing atmosphere was average. Downstream demand was insufficient. Currently, the quotation range of mainstream manufacturers is still around 14,600 RMB/ton. The operating rate is stable, and the overall market supply and demand is balanced. Factories give up profits and take orders, and the cost support is weak. Downstream procurement is mainly based on demand, and there is no obvious willingness to stock up, Enterprise quotation: Shanghai Hongqi Plastic Technology Co., Ltd. 14,800 RMB/ton.
Rubber and Plastic Index: On November 13, the rubber and plastic index was 675 points, a decrease of 1 point from yesterday, 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).
PMMA analysts from SunSirs believe that in the short term, PMMA will remain weak and stable, with a limited range of price fluctuations.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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