SunSirs: China PMMA Market Showed a Slight Upward Trend This Week
March 01 2024 14:53:39 SunSirs (Selena)
According to the Commodity Market Analysis System of SunSirs, as of February 29th, the average price of PMMA, a general transparent premium product in China, was 15,733.33 RMB/ton. This week, PMMA prices showed a slight upward trend, with a price increase of 0.43% compared to the same period last week, an increase of about 100 RMB/ton.
This week, the price trend of domestic transparent grade premium PMMA is relatively strong, with a price increase of 0.43% compared to the same period last week. The downstream procurement atmosphere is still good, and the focus of negotiations is on a high level. Terminal demand is slowly recovering, and the current mainstream manufacturer quotation range is still around 15,700 RMB/ton. Currently, the operating rate is stable, the overall market supply and demand is balanced, inventory is generally high, and normal consumption is normal. The upstream price trend is relatively strong, with upstream support for PMMA cost, Current enterprise quotation: Shanghai Hongqi Plastics Technology Co., Ltd. 15,300 RMB/ton.
Rubber and Plastics Index: On February 28th, the rubber and plastics index was 682 points, unchanged from yesterday, a decrease of 35.66% from the highest point in the cycle of 1,060 points (2012-03-14), and an increase of 29.17% 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 is mainly stable with a strong trend, and the mainstream price remains at 15,600 RMB/ton.
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