PMMA Weekly Review: Supply and Cost Double Support, Prices Rise Slightly

This week's market

This week, the domestic PMMA market price edged up. Quotations for Chi Mei CM205 were 12,700-12,800 RMB/ton, a slight increase from last week. The average weekly price in the East China market was 12,730 RMB/ton, a 0.79% increase compared to the previous week. The higher prices were mainly due to tightening supply and cost support.

2. Spot Overview

Supply-side market resources are slightly tightening, coupled with the upward pressure from raw material costs, leading to stronger price-holding intentions among holders and a slight increase in quotations. Downstream demand remains essential, with general acceptance of price increases. Market transactions are mainly driven by essential needs, and overall activity is limited.

3. Next week's forecast

Next week, the PMMA market is expected to maintain a slightly stronger trend, with tightening supply and cost support persisting, keeping prices at a high level. However, downstream demand shows no significant improvement, and rigid procurement is unlikely to drive prices significantly higher. Therefore, prices are expected to fluctuate slightly around the current level, with Chimei CM205 likely to trade in the range of 12700-12900 yuan/ton.