[PMMA Daily Review] Limited Inquiries, Light Trading

today's summary

Today's factory quotes are stable.

②、Today, the domestic PMMA particle utilization rate is 64%.

2spot overview

Table 1 Domestic PMMA Particle Price Summary (Unit: Yuan/Ton)

Taking the East China region as a benchmark, today's PMMA particle price closed at 17,000 yuan/ton, unchanged from yesterday, in line with early expectations.Today's PMMA particle market maintains a stable transition trend, with news remaining steady. At the beginning of the week, the market is in a wait-and-see mode, with insufficient inquiries heard. There are only a few downstream rigid demand purchases, and the atmosphere is rather subdued. In the short term, the market situation will remain as it is.

3production dynamics

PMMA particle production capacity utilization is at 64%, with a month-on-month change of 0%. The factory equipment dynamics are temporarily stable.

4price prediction

The short-term PMMA particle market is operating in a light manner, with the fundamentals remaining stable. The buying atmosphere within the market is slightly stagnant, and the enthusiasm for purchasing from downstream buyers is insufficient, with most purchases being made on a need basis, making it difficult to increase transaction volumes. In summary, under the ongoing game between upstream and downstream, it is expected that the prices of short-term PMMA particles will likely remain stable. Actual transactions await follow-up, and continued attention should be paid to the dynamics of offers and bids.

5related product situation

MMAmarket:Using the East China region as a benchmark, today's MMA closed at 11200 yuan/ton, unchanged from the previous working day, in line with early morning expectations. In terms of the domestic market, today's MMA market was in a stalemate, with sellers maintaining stable quotations. The market mainly focused on the execution of terminal contracts and previous orders, with limited spot purchases. The market transitioned in a state of watchfulness, with limited trading activity.