SunSirs: China PMMA Market Operates in a Narrow Strong Trend (January 5-12)
January 15 2024 13:46:42 SunSirs (Selena)
According to the analysis system of the commodity market of SunSirs, as of January 12th, the average price of PMMA, a general transparent premium product in China, was 15,100 RMB/ton. This week, the PMMA price was mainly narrow, with a 0.22% increase compared to the same period last week. The overall market supply and demand balance is running, and the upward space is limited.
This week, PMMA, a commonly used transparent premium product in China, showed a narrow upward trend, with a price increase of 0.22% 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 January 11th, the rubber index was 663 points, a decrease of 2 points from yesterday, a decrease of 37.45% from the highest point in the cycle of 1,060 points (2012-03-14), and an increase of 25.57% from the lowest point of 528 points on April 6th, 2020. (Note: The cycle refers to 2011-12-01 present).
SunSirs PMMA analysts believe that in the short term, the PMMA market will mainly operate steadily, with mainstream prices maintaining 14,900 RMB/ton.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-30 SunSirs: Strong Cost Support, with a Broad Increase in PMMA Prices in April
- 2024-04-28 SunSirs: China PMMA Market slightly Rise (April 19-26)
- 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
