SunSirs: China PMMA Market is mainly Stable (February 16-23)

https://www.chemnet.com   Feb 26,2024 SunSirs

　　According to the Commodity Market Analysis System of SunSirs, as of February 23, the average price of PMMA, a general transparent grade premium product in China, was 15,666.67 RMB/ton. Last week, PMMA prices remained stable, with no significant changes compared to the same period the previous week. The overall market supply and demand were balanced, and there was limited room for growth.

　　Last week, the domestic general transparent grade premium PMMA remained stable, with prices remaining stable compared to the same period the previous week. The downstream procurement atmosphere was flat, with on-demand procurement being the main focus and terminal demand falling short of expectations. Currently, the mainstream manufacturer's quotation range is still around 15,600 RMB/ton. The operating rate is stable, the overall market supply and demand are balanced, inventory is running at a high level, consumption is slow, cost support is weak, and downstream hoarding willingness is not obvious. The enterprise quotation is Shanghai Hongqi Plastics Technology Co., Ltd. at 15,300 RMB/ton.

　　Rubber Index: On February 22, the rubber index was 679 points, an increase of 2 points from the previous day, a decrease of 35.94% from the highest point in the cycle of 1,060 points (2012-03-14), and an increase of 28.60% from the lowest point of 528 points on April 6, 2020. (Note: The cycle refers to 2011-12-01 present).

　　PMMA analysts from SunSirs believe that in the short term, the PMMA market will mainly operate steadily, with mainstream prices maintaining at 15,600 RMB/ton.

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