According to the analysis system of the commodity market of SunSirs, as of January 19th, the average price of PMMA, a general transparent premium product in China, was 15,500 RMB/ton. Last week, the price of PMMA showed a narrow upward trend, with a 2.65% increase compared to the same period last week. The overall market supply and demand are balanced, and the upward space is limited.

Last week, PMMA, a domestically produced transparent grade premium product, showed a narrow upward trend, with a price increase of 2.65% compared to the same period last week. The downstream procurement atmosphere was flat, with on-demand procurement being the main focus and overall market demand being insufficient. Currently, the mainstream manufacturer's quotation range is still around 15,500 RMB/ton. The operating rate is stable, and the overall market supply and demand are balanced. Downstream orders are mainly small, with weak cost support and unclear downstream hoarding intentions, Enterprise quotation: Shanghai Hongqi Plasticization Technology Co., Ltd. 14,800 RMB/ton.

Rubber Index: On January 18th, the rubber index was 665 points, an increase of 1 point from the previous day, a decrease of 37.26% from the highest point in the cycle of 1,060 points (2012-03-14), and an increase of 25.95% from the lowest point of 528 points on April 6th, 2020. (Note: The cycle refers to 2011-12-01 present).

SunSirs PMMA analysts believe that in the short term, the PMMA market will mainly operate steadily, with mainstream prices maintaining 15,500 RMB/ton.

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