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SunSirs: China PMMA Market slight Rose (May 3-10)

May 11 2024 10:54:35     SunSirs (Selena)

According to the analysis system of the commodity market of SunSirs, as of May 10th, the average price of PMMA, a general transparent premium product in China, was 17,900 RMB/ton. This week's PMMA price was the main trend, with a reported increase of 4.27%. Currently, there is some support from the upstream cost side, while downstream demand is average. The overall PMMA market is mainly operating at a high level.

This week, the price trend of domestically produced transparent premium PMMA products has been upward, with some support from the upstream cost side and a strong price trend. The downstream demand is still acceptable, and the overall market is operating in a narrow and strong manner, with prices rising slightly. Currently, the focus of negotiations is stable, and the main manufacturer's quotation range is still around 18,000 RMB/ton. Currently, the operating rate is stable, and downstream consumption is normal. The upstream trend is maintaining a narrow and strong operation. The current enterprise quotation is Shanghai Hongqi Plasticization Technology Co., Ltd. at 16,800 RMB/ton.

PMMA analysts from SunSirs believe that in the short term, the PMMA market will remain stable with a slight upward trend, with mainstream prices maintaining 18,000 RMB/ton.

 

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