【PMMA Daily Review】Downstream buyers show weak interest, PMMA resin is expected to consolidate narrowly.

1. Today's Summary

The factory prices are stable today.

② The proportion of PMMA particles used in domestic applications is 64%.

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Based on East China, today's PMMA particle price closed at 16,800 yuan/ton, unchanged from yesterday, and lower than earlier expectations. The PMMA particle market saw limited fluctuations today. Sellers' offers remained largely unchanged, with the focus on sales. However, due to weak demand, end-users' purchasing enthusiasm was generally low, with procurement primarily based on immediate needs. The space for actual order negotiation was limited, and trading followed just-in-time demand.

3Price Forecast

The short-term PMMA particle market appears somewhat stagnant, with sellers still willing to offload their products but not keen on deep price cuts. On the other hand, downstream buyers are not very enthusiastic, and there is still some counter-offering sentiment. Buyers are mostly purchasing out of necessity. Therefore, ongoing negotiations are needed. In summary, given the limited changes in fundamentals, the short-term PMMA particle market is expected to undergo narrow fluctuations. Attention should be paid to the pace of offloading and transaction dynamics.