SunSirs: China PMMA Market was mainly Stable (May 17-24)
May 27 2024 15:20:03 SunSirs (Selena)
According to the analysis system of the commodity market of SunSirs, as of May 24th, the average price of PMMA, a general transparent premium product in China, was 18,233.33 RMB/ton. Last week, PMMA prices remained stable and slightly strong. Currently, upstream cost support is average, downstream demand is insufficient, and the overall PMMA market lacks upward momentum.
Last week, the price trend of domestically produced transparent grade PMMA products in China was upward, with weak upstream cost support and stable price operation. Downstream demand was still acceptable, and the overall market was stable with little price fluctuation. Currently, the focus of negotiations is stable, and the main manufacturer's quotation range is still around 18,000 RMB/ton. Currently, the operating rate is stable, and downstream consumption is normal. The upstream trend remains narrow and strong. Currently, the enterprise quotation is Shanghai Hongqi Plasticization Technology Co., Ltd. at 16,800 RMB/ton.
SunSirs PMMA analysts believe that in the short term, the PMMA market will mainly operate steadily, with mainstream prices maintaining 18,000 RMB/ton.
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