SunSirs: China PMMA Market was mainly Stable (December 11-15)
December 18 2023 15:37:12 SunSirs (Selena)
According to the analysis system of the commodity market of SunSirs, as of December 15th, the average price of PMMA, a general transparent premium product in China, was 14,616.73 RMB/ton. Last week, the price of PMMA showed a narrow upward trend, with a 0.23% increase compared to the same period last week. The overall market supply and demand balance is running, and the upward space is limited.
Last week, the domestic general transparent grade premium PMMA was the main product with a narrow upward trend, with a price increase of 0.23% compared to the same period last week. The downstream procurement atmosphere was flat, with on-demand procurement being the main focus and overall market demand being insufficient. Currently, the mainstream manufacturer's quotation range is still around 15,000 RMB/ton. 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 14th, the rubber index was 661 points, unchanged from yesterday, a decrease of 37.64% from the highest point in the cycle of 1,060 points (2012-03-14), and an increase of 25.19% from the lowest point of 528 points on April 6th, 2020.
PMMA analysts from SunSirs believe that in the short term, PMMA will maintain a stable, medium to strong operation, with mainstream prices remaining at 15,000 RMB/ton.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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