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SunSirs: China PMMA Market was matainly Stable (January 29- February 5)

https://www.chemnet.com   Feb 06,2024 SunSirs

According to the analysis system of the commodity market of SunSirs, as of February 5th, the average price of PMMA, a general transparent premium product in China, was 15,666.67 RMB/ton. This week, PMMA prices have remained stable, with a limited range of price fluctuations compared to the same period last week. The overall market supply and demand balance is running, and the upward space is limited.



This week, the domestic market for transparent grade premium PMMA products has been operating steadily, with no significant price changes compared to the same period last week. The downstream procurement atmosphere is flat, with on-demand procurement being the main focus and overall market demand being insufficient. Currently, the mainstream manufacturer's quotation range is still around 15,500 RMB/ton. The operating rate is stable, and the overall market supply and demand is balanced. Downstream orders are mainly small, with weak cost support and unclear downstream hoarding willingness, Enterprise quotation: Shanghai Hongqi Plasticization Technology Co., Ltd. 14,800 RMB/ton.



Rubber Index: On February 4th, the rubber index was 668 points, unchanged from yesterday, a decrease of 36.98% from the highest point in the cycle of 1,060 points (2012-03-14), and an increase of 26.52% 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 in the short term, the PMMA market will mainly operate steadily, with mainstream prices maintaining 15,500 RMB/ton.


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