Pmma Weekly Review: Raw Material Prices Face Resistance, Particle Market Stands High With Stagnation

Weekly Market Focus PointsThe MMA market surged significantly, intensifying cost pressures on PMMA granules; industry capacity utilization remained at 60%, unchanged from last week; downstream buyers’ acceptance of high-priced materials is weak, and actual order placements remain cautious.

 

II. This Week's Market AnalysisThis week, the domestic PMMA particle market initially surged sharply before entering a stalemate and consolidation phase, with mainstream transaction prices ranging between RMB 15,400–16,800 per ton. Affected by the Middle East situation, the core raw material MMA saw substantial price increases, significantly lifting production costs. Consequently, some manufacturers quickly raised their quotations; on the first trading day of the week, the East China market witnessed a single-day price hike of RMB 2,200 per ton, pushing mainstream prices rapidly above RMB 15,000 per ton. However, following this rapid price surge, end-users’ willingness to purchase at higher prices weakened, and demand was limited to small, necessity-driven orders only. Meanwhile, MMA prices retreated slightly, leading market sentiment to stabilize and the market to enter a high-level stalemate. Although cost support remains, both buyers and sellers have grown increasingly cautious, resulting in limited actual transactions; overall, the market continues to consolidate with high-level volatility.In terms of industrial chain prices, the average price of MMA in East China this week was RMB 13,160 per ton, an increase of RMB 2,906 per ton (28.34%) from the previous period; the average price of domestically produced PMMA granules was RMB 15,560 per ton, up by RMB 2,943 per ton (23.33%); and the average price of imported PMMA granules was RMB 15,720 per ton, rising by RMB 3,103 per ton (24.59%).In terms of profit and operating rates, the weekly average profit for PMMA pellets this week was RMB 731 per ton, up RMB 97 per ton from the previous week; industry operating rates remained at 60%.

 

III. Market Forecast for Next WeekPMMA pellet market is expected to trend weak next week, with room for further decline in the negotiation range. Stable plant operating rates ensure ample spot supply, offering little support to prices. On the demand side, rapid price increases have heightened downstream resistance, dampening purchasing interest; buyers are mainly focused on destocking and meeting only essential needs, limiting transaction volumes. Meanwhile, weakening expectations for the key raw material MMA further reduce cost-side support. Given the interplay of supply, demand, and costs, the market is likely to exhibit a weak, range-bound trend next week.