SunSirs: China PMMA Market was Stable previously
December 12 2023 11:14:56 SunSirs (Selena)
According to the analysis system of the commodity market of SunSirs, as of December 8th, the average price of PMMA, a general transparent grade premium product in China, was 14,583.33 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.
This week, the stable operation of PMMA, a commonly used transparent premium product in China, has been the main focus. 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 1,583.33 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 willingness, Enterprise quotation: Shanghai Hongqi Plasticization Technology Co., Ltd. 14,800 RMB/ton.
Rubber Index: On December 7th, the rubber index was 660 points, a decrease of 1 point from yesterday, a decrease of 37.74% from the highest point in the cycle of 1,060 points (2012-03-14), and an increase of 25.00% from the lowest point of 528 points on April 6th, 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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