SunSirs: China PMMA Market is mainly operating smoothly (June 9-16)

https://www.chemnet.com   Jun 19,2023 SunSirs

　　According to the analysis system of the commodity market of SunSirs, as of June 16th, the average price of PMMA, a general transparent and high-quality product in China, was 14,625.00 RMB/ton. Last week, PMMA prices remained stable and maintained the previous trend, with no significant price fluctuations. Downstream purchases were mainly for immediate needs.

　　Last week, the domestic general transparent grade premium product PMMA has been operating smoothly. Compared to the same period last week, the price has remained stable. The purchasing atmosphere is cold and the downstream demand is average. Currently, the quotation range of mainstream manufacturers is still around 14,600 RMB/ton. The operating rate is stable, and the overall market supply and demand is balanced. The factory has given up profits and taken orders, and the downstream just needs to purchase. The enterprise quotation is Shanghai Hongqi Plastic Technology Co., Ltd. 14,500 RMB/ton.

　　Rubber and Plastic Index: On June 15th, the rubber and plastic index stood at 644 points, unchanged from yesterday, a decrease of 39.25% from the cycle's highest point of 1,060 points (2012-03-14), and an increase of 21.97% from the lowest point of 528 points on April 6, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).

　　SunSirs PMMA analysts believe that China PMMA will mainly maintain stable operation in the short term.

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