SunSirs: China PMMA Market is mainly Stable (March 1-8)
March 11 2024 11:13:12 SunSirs (Selena)
According to the analysis system of the commodity market of SunSirs, as of March 8th, the average price of PMMA, a general transparent premium product in China, was 15,733.33 RMB/ton. Last week, PMMA prices remained stable, with no significant changes compared to the same period last week. Currently, the upstream cost side trend is stable, and the downstream demand is limited. The overall PMMA price increase momentum is insufficient.
Last week, the price trend of domestically produced transparent grade premium PMMA remained stable. The downstream procurement atmosphere is lukewarm, and the focus of downstream negotiations is relatively low. PMMA inventory is currently operating at a high level, and terminal demand is recovering slowly. Currently, the mainstream manufacturer's quotation range is still around 15,700 RMB/ton. The operating rate is stable, the overall market supply and demand is balanced, downstream consumption is normal, logistics and shipments are smooth, and the upstream trend is maintaining a stable, medium, and weak trend. The cost side of PMMA lacks favorable support. The current enterprise quotation is Shanghai Hongqi Plasticization Technology Co., Ltd. at 15,300 RMB/ton.
Rubber and Plastics Index: On March 7th, the rubber and plastics index was 685 points, unchanged from yesterday, a decrease of 35.38% from the highest point in the cycle of 1,060 points (2012-03-14), and an increase of 29.73% 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, the PMMA market will maintain its previous trend, with a focus on stable, moderate, and weak operations, with mainstream prices remaining at 15,600 RMB/ton.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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