Price trend

According to the data monitored by SunSirs, as of February 24, the average price of domestic general transparent PMMA was 14,875.00 RMB/ton, and the overall PMMA market remained stable this week. Compared with the same period last week, the price change was not obvious, the market supply and demand was balanced, and the downstream replenished as needed.

Analysis review

This week, the domestic general transparent PMMA operated smoothly, the price remained stable, the overall market negotiation atmosphere was general, the quotation range of mainstream manufacturers remained around 15,000 RMB/ton, the overall market operating rate was stable, the supply and demand were balanced, the manufacturers gave up profits to sell, the downstream procurement was mainly just in needed. Enterprise PMMA quotation: Shanghai Hongqi Plastic Technology Co., Ltd. 14,500 RMB/ton.

Rubber and plastic index: The rubber and plastic index stood at 684 points on February 23, up 1 point from the previous day, down 35.47% from the highest point of 1,060 points in the cycle (2012-03-14), and up 29.55% from the lowest point of 528 points on April 6, 2020. (Note: the period refers to 2011-12-01 to now).

Market outlook

PMMA analysts of Business Agency believe that PMMA will maintain stable operation in the short term.

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