According to the data monitored by the Business News Agency, as of March 17, the average price of domestic general transparent premium PMMA products was 14775.00 yuan/ton. This week, the overall PMMA market was in a weak position, with prices falling slightly. Currently, the market is in a balanced supply and demand situation, with downstream replenishment on demand, and the focus of negotiations stable.
This week, domestic general transparent grade premium PMMA products were mainly operated smoothly, with stable prices. The overall market negotiation atmosphere was general, with the quotation range of mainstream manufacturers maintaining around 15000 yuan/ton. The overall market operating rate was stable, with a balance between supply and demand. The manufacturer gave up profits and took orders. Downstream procurement was primarily required. The enterprise quotation was Shanghai Hongqi Plasticizing Technology Co., Ltd. at 14300 yuan/ton.
Rubber and Plastic Index: On March 16, the rubber and plastic index stood at 678 points, down 3 points from yesterday, down 36.04% from the cycle’s highest point of 1060 points (2012-03-14), and up 28.41% from the lowest point of 528 points on April 6, 2020.
PMMA analysts from the Business Agency believe that in the short term, PMMA will maintain a stable operation with a limited range of price fluctuations.