Price trend

According to the analysis system of the commodity market of SunSirs, as of August 24th, the average price of general transparent and high-quality PMMA in China, was 14,625.00 RMB/ton. This week, PMMA prices remained stable and maintained the previous trend, with no significant price fluctuations. Downstream purchases were mainly in needed.

Analysis review

This week, the domestic general transparent grade premium product PMMA was operating smoothly. Compared to the same period last week, the price remained stable. The purchasing atmosphere was cold and the downstream demand was average. As of August 24th, the quotation range of mainstream manufacturers was still around 14,600 RMB/ton. The operating rate was stable, and the overall market supply and demand was balanced. The factory had given up profits for sales and the downstream purchased just on demand. The enterprise quotation: Shanghai Hongqi Plastic Technology Co., Ltd. quoted 14,500 RMB/ton.

Rubber and Plastic Index: On August 23, the rubber and plastic index stood at 674 points, an increase of 2 points from the previous day, a decrease of 36.42% from the highest point in the cycle of 1,060 points (2012-03-14), and an increase of 27.65% from the lowest point of 528 points on April 6, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

Market outlook

PMMA analysts from SunSirs believe that PMMA will mainly maintain stable operation in the short term.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.