SunSirs: China PMMA Market was Stable and Strong (Ocotber 17-21)
October 24 2022 10:49:12 SunSirs (Selena)
According to the data monitored by SunSirs, as of October 21, the average price of PMMA for domestic general transparent premium products was 16,225.00 RMB/ ton last week. Compared with the previous price in the same period, the overall market price fluctuation range of PMMA was small. At present, the quotation range of mainstream manufacturers is about 16,200 RMB/ ton. The focus of negotiations is stable, the overall market supply and demand are balanced, and the operating rate is stable.
Last week, the average price of PMMA for domestic general transparent premium products was 16,100.00 RMB/ ton. The overall market was stable, and the price did not change significantly. The quotation range of mainstream manufacturers remained around 16,100 RMB/ ton. The merchants were active in shipping and taking orders at the margin. The price of PMMA was stable. At present, the overall market is in balance of supply and demand, the downstream just needs to purchase, the focus of negotiation is weak, and the supply side is normal, The latest quotation of the enterprise: Shanghai Hongqi Plastic Technology Co., Ltd. 16,700 RMB/ ton.
Rubber and plastic index: On October 20, the rubber and plastic index was 691 points, down 6 points from the previous day, down 34.81% from the highest point in the cycle 1,060 points (March 14, 2012), and up 30.87% from the lowest point 528 points on April 6, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).
According to SunSirs PMMA analyst, the mainstream price of PMMA is about 16100 RMB/ ton in China, which will run smoothly in the short term.
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