SunSirs: China PMMA Market Rose slightly This Week (May 9-16)

Chemical News: SunSirs: China PMMA Market Rose slightly This Week (May 9-16)

https://www.chemnet.com May 20,2024 SunSirs
According to the commodity market analysis system of the business club, as of May 16, the average price of domestic general transparent grade high-quality products PMMA was 17,933.33 RMB/ton. This week, the PMMA price was dominant in the narrow range. This week, the PMMA price has a certain support at the upstream cost end, the downstream demand is general, and the overall PMMA market is dominated by high-level operation.

This week, the price of domestic general transparent grade premium PMMA went up. The upstream cost side had some support. The price tended to be strong, and the downstream demand was acceptable. The overall market operated in a narrow range, and the price rose slightly. At present, the focus of the negotiation is stable. The quotation range of the main manufacturers is still around 18,000 RMB/ton. At present, the operating rate is stable, the downstream consumption is normal, and the upstream trend maintained a narrow range and strong operation. The current enterprise quotation: Shanghai Hongqi Plastic Technology Co., Ltd. 16,800 RMB/ton.

According to the PMMA analyst of SunSirs, the PMMA market will be stable and strong in the short term, with a small margin of dominance, and the mainstream price will remain 18000 RMB/ton.
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