Price trend
According to the data monitored by SunSirs, as of March 29, the average price of domestic general transparent premium PMMA products was 14,775.00 RMB/ton. This week, the overall PMMA market was operating smoothly, with stable prices. Market supply and demand were balanced, downstream replenishment was as required, and the focus of negotiation was stable.
Analysis review
The stable operation of domestic general transparent grade premium PMMA products was running stably, mainly maintaining stable prices, and the focus of negotiations was stable. The quotation range of mainstream manufacturers remained around 15,000 RMB/ton, and the overall market procurement atmosphere was cold. As of the 29th, the operating rate was stable, and the manufacturer made profit-cutting to sell goods. Downstream purchases were mainly as needed. Enterprise quotation: Shanghai Hongqi Plastic Technology Co., Ltd. 14,300 RMB/ton.
Rubber and Plastic Index: On March 28th, the rubber and plastic index stood at 673 points, up 1 point from the previous day, down 36.51% from the cycle's highest point of 1,060 points (2012-03-14), and up 27.46% from the lowest point of 528 points on April 6th, 2020. (Note: The cycle refers to 2011-12-01 to now).
Market outlook
PMMA analysts from SunSirs believe that PMMA mainly maintains stable operation in the short term.
