SunSirs: China PMMA Market was Stable Last Week (November 17-24)
November 27 2023 10:44:50 SunSirs (Selena)According to the analysis system of the commodity market of Shengyishe, as of November 24th, the average price of PMMA, a general transparent grade premium product in China, was 14,566.67 RMB/ton. This week, PMMA prices remained stable, with no significant price changes compared to the same period last week. Downstream procurement was mainly based on demand, and the overall market supply and demand were balanced.
Last week, PMMA market was stable in China. Compared to the same period last week, the price has remained stable, and the downstream procurement atmosphere is average. The downstream demand is insufficient, and the mainstream manufacturer's quotation range is still around 14600 RMB/ton. Currently, the operating rate is stable, and the overall market supply and demand are balanced. Downstream orders are mainly small, with weak cost support and unclear downstream hoarding intentions, Enterprise quotation: Shanghai Hongqi Plasticization Technology Co., Ltd. 14,800 RMB/ton.
Rubber Index: On November 23, the rubber index was 670 points, a decrease of 3 points from yesterday, a decrease of 36.79% from the highest point in the cycle of 1,060 points (2012-03-14), and an increase of 26.89% from the lowest point of 528 points on April 6, 2020. (Note: The cycle refers to 2011-12-01 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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- 2024-04-24 SunSirs: China PMMA Market Runs with Strong Trend (April 15-22)
- 2024-03-28 SunSirs: Downstream Demand is Good, China PMMA Prices Rises in March
- 2024-03-22 SunSirs: Cost and Demand are mutually Beneficial, China PMMA Prices are Rising
