SunSirs: The PMMA Market Ran in a Narrow Range and Was Strong

https://www.chemnet.com   Jul 13,2022 SunSirs

　　Price trend

　　According to the data monitored by SunSirs, as of July 12, the average price of domestic general-purpose transparent grade PMMA this week was 16,750.00 RMB/ton, and the price this week was narrow and strong, up 0.75% compared to the same period last week. The price fluctuation range was not large, the quotation range of mainstream manufacturers was maintained at about 16,500 RMB/ton, the overall PMMA market price remained stable, the focus of negotiation was stable, and the overall market supply and demand was balanced.

　　Analysis review

　　This week, the average price of domestic general-purpose transparent grade PMMA was 16,875.00 RMB/ton. The overall market was running smoothly, and the price change was not obvious. The quotation range of mainstream manufacturers remained around 16,500 RMB/ton, and merchants were actively shipping through making profit-cutting. Compared with the unchanged price last week, the price of PMMA was mainly stable, the overall supply and demand were balanced, and the purchase was mainly for rigid demand. At present, the focus of the negotiation is stable and the supply side is normal.Rubber and Plastics Index: On July 11, the rubber and plastics index was 745 points, a decrease of 2 points from previous day, a decrease of 29.72% from the highest point in the cycle of 1,060 points (2012-03-14), and an increase of 41.10% from the lowest point of 528 points on April 6, 2020. (Note: The cycle refers to 2011-12-01 to the present)

　　Market outlook

　　The PMMA analyst of SunSirs believes that it is expected that the PMMA price will run smoothly in the short term, and the PMMA market will maintain a stable operation in the short term.

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