The Supply and Demand of PMMA Market Were Balanced This Week

May 9, 2022

Latest company news about The Supply and Demand of PMMA Market Were Balanced This Week

Price trend

According to the data monitored by SunSirs, as of May 7, the average price of domestic general-purpose transparent grade PMMA this week was 16,625.00 RMB/ton, and the price remained stable. Compared with the same period last week, the price remained unchanged, and the quotation range of mainstream manufacturers remained around 16,500 RMB/ton. The price of PMMA remained stable, and the focus of negotiations was stable. The price range this week was not large, and the overall market supply and demand were balanced.

Analysis review

This week, the average price of domestic general-purpose transparent grade PMMA was 16,625.00 RMB/ton, and the quotation range of mainstream manufacturers remained around 16,500 RMB/ton. Compared with the same period last week, the price had not changed significantly. The price of PMMA was mainly stable, the overall supply and demand were balanced, the purchases were mainly on rigid demand, the focus of negotiation was stable, and the supply side was normal.

Rubber and Plastics Index: On May 7, the rubber and plastics index was 792 points, the same as previous day, down 25.28% from the highest point in the cycle (1,060 points on March 14, 2012), and up 50.00% from the lowest point of 528 points on April 06, 2020. (Note: The cycle refers to 2011-12-01 to the present).

Market outlook

The PMMA analyst of SunSirs believes that the PMMA market is expected to maintain stable operation in the short term, and the overall market supply and demand will be balanced.

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