SunSirs: China PMMA Market was mainly Stable Last Week

https://www.chemnet.com   Dec 20,2022 SunSirs

　　According to the data monitored by SunSirs, as of December 17, the average price of PMMA for domestic general transparent premium products was 15,500.00 RMB/ton, which was not significantly changed compared with the same period last week. The overall market supply and demand were balanced, and the operating rate was stable.

　　Last week, the domestic general transparent superior PMMA was running steadily, and the quotation range of mainstream manufacturers was about 16,000 RMB/ton. At present, the overall logistics is slow, and the downstream just needs to purchase. The manufacturers gave up their profits and took orders. The latest quotation of the enterprise: Shanghai Hongqi Plastic Technology Co., Ltd. 15,500 RMB/ton.

　　Rubber and plastic index: On December 16, the rubber and plastic index was 668 points, unchanged from yesterday, 36.98% lower than the highest point in the cycle 1060 points (March 14, 2012), and 26.52% higher than the lowest point 528 points on April 6, 2020. (Note: the cycle refers to the period from December 1, 2011 to the present).

　　PMMA analysts from SunSirs believe that in the short term, China PMMA is mainly stable.

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