According to the analysis system of the commodity market of the Business Society, as of August 29th, the average price of PMMA, a general transparent and high-quality product in China, was 14625.00 yuan/ton. This week, PMMA prices remained stable and maintained the previous trend, with no significant price fluctuations. Downstream purchases were mainly for immediate needs.
This week, the domestic general transparent grade premium product PMMA has been operating smoothly, compared to the same period last week when prices remained stable. The purchasing atmosphere is cold, and downstream demand is average. Currently, the quotation range of mainstream manufacturers is still around 14600 yuan/ton. The operating rate is stable, and the overall market supply and demand is balanced. Factories are offering discounts and taking orders, and downstream purchases are just needed.
Rubber and Plastic Index: On August 28th, the rubber and plastic index stood at 677 points, unchanged from yesterday, a decrease of 36.13% from the cycle’s highest point of 1060 points (2012-03-14), and an increase of 28.22% from the lowest point of 528 points on April 6, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).
PMMA analysts from Business Society believe that PMMA will mainly maintain stable operation in the short term.
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