Price trend

According to the data monitored by SunSirs, as of March 31, the average price of PMMA for general transparent premium products in China was 14,775.00 RMB/ton. In March, the overall PMMA market remained stable, with a narrowly weaker trend. The overall market fell by 0.67%. Compared to the same period last month, the price change was not significant during the week. As of 31st, the market was in a balanced supply and demand, with downstream replenishment on demand.

Analysis review

In March, the domestic general transparent grade excellent PMMA mainly operated smoothly, with the mainstream price maintained at 14,800 RMB/ton. The overall market negotiation atmosphere was general, and the downstream just needed procurement, replenishment as needed, with a stable negotiation focus. The quotation range of mainstream manufacturers remained around 14,800 RMB/ton, with a stable overall market operation rate and a balanced supply and demand. The manufacturer gives up profits to sell goods. The enterprise's quotation: Shanghai Hongqi Plastic Technology Co., Ltd. 14,300 RMB/ton.

Rubber and Plastic Index: On March 30, the rubber and plastic index stood at 674 points, unchanged from the previous day, down 36.42% from the cycle's highest point of 1,060 points (2012-03-14), and up 27.65% from the lowest point of 528 points on April 6, 2020. (Note: The cycle refers to 2011-12-01 to now).

Market outlook

PMMA analysts from SunSirs believe that PMMA will maintain stable operation in the short term, with the mainstream price of 14,800 RMB/ton.

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