SunSirs: China PMMA Market Runs with Strong Trend (April 15-22)

According to the Commodity Market Analysis System of SunSirs, as of April 22, the average price of domestic transparent grade premium PMMA was 16,833.33 RMB/ton. Last week, PMMA prices remained stable and slightly strong, with a 0.2% increase compared to the same period last week. Currently, the upstream cost side trend is stable, and the downstream demand is limited. The overall PMMA market is operating in a balanced supply and demand situation.

Last week, the price trend of PMMA, a commonly used transparent premium product in China, was narrow and strong, with upstream cost support and downstream demand being positive. The overall market was operating in a narrow and strong range. Currently, the focus of negotiations is stable, with mainstream manufacturers still offering prices of around 16,000 RMB/ton. The operating rate is stable, downstream consumption is normal, logistics shipments are smooth, and the upstream trend is maintaining a narrow and strong operation. The current enterprise quotation is Shanghai Hongqi Plastics Technology Co., Ltd. at 15,300 RMB/ton.

Rubber and Plastic Index: On April 21, the rubber and plastic index was 696 points, unchanged from yesterday, a decrease of 34.34% from the highest point in the cycle of 1,060 points (2012-03-14), and an increase of 31.82% 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, the PMMA market will maintain its previous trend, maintaining a stable, medium to strong trend, with mainstream prices remaining at 15,600 RMB/ton.

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