【PMMA Daily Review】Supply and demand changes little, market in a transitional adjustment.

1. Today's Summary

Today, the factory prices are stable.

The utilization rate of PMMA particles in China today is 64%.

2Spot Overview

Based on the East China region, today PMMA particles closed at 16,800 yuan/ton, unchanged from yesterday and lower than the morning's expectations.Today, the PMMA particle market maintains a transitional consolidation phase. The raw material MMA is experiencing a downward trend, but it has no significant impact on the PMMA particle market. The upstream and downstream are continuously negotiating, with market transactions primarily driven by essential needs, focusing on actual deals.

3Production Dynamics

PMMA particle capacity utilization is at 64%, flat compared to last period. The plant operations are currently stable.

4Price Forecasting

Short-term PMMA particle market price fluctuations are limited, and holders mainly maintain stable prices with an intention to sell. Terminal buyers have a lukewarm attitude, purchasing in moderation. Overall, there is no significant change in supply and demand, so it is expected that the short-term PMMA particle market will consolidate, showing little improvement. Transactions will follow essential demand, and actual deals await further development.

5Product Information

MMAMarket:Based on the East China region, today's MMA closed at 11,200 yuan/ton, unchanged from the previous working day, in line with morning expectations.Narrow range of fluctuations, holders' selling is not ideal, overall purchasing atmosphere in the market is insufficient, downstream high-end buyers are weak, spot purchases are low, actual transaction negotiations are average, closely monitor bid and offer dynamics in the short term.

6Data Calendar