SunSirs: China PMMA Market Prices Fluctuate and Rise
May 31 2024 13:15:10 SunSirs (Selena)
According to the analysis system of the commodity market of SunSirs, as of May 29th, the average price of PMMA, a general transparent and superior product in China, was 18,233.33 RMB/ton. In May, PMMA prices fluctuated and rose, with an overall increase of 6.21% in May, an increase of around 1,000 RMB/ton. The tight supply of PMMA in May led to price increases, and the operating rate of enterprises was low, with many enterprises operating at around 50%.
In May, PMMA prices fluctuated mainly, with an overall increase of 6.21%, exceeding a thousand RMB. Currently, the mainstream market price is around 18,000 RMB/ton. In April, PMMA enterprises had a low operating rate, resulting in a shortage of supply. At the same time, there was a shortage of imported goods, and domestic and international supply was tight. In May, enterprises were in a peak maintenance season, and many chemical plants were undergoing maintenance. The maintenance of leading enterprises such as Mitsubishi Chemical and Rom Chemical directly affected the reduction of market supply.
Rubber Index: On May 28th, the rubber index was 711 points, an increase of 4 points from yesterday, a decrease of 32.92% from the highest point in the cycle of 1,060 points (2012-03-14), and an increase of 34.66% 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 currently, the overall market demand for PMMA is flat, with average upstream cost side and downstream demand needing to recover. It is expected that PMMA prices will maintain the current trend in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
