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【PMMA Monthly Review】Down 132 for the month! Amid trading games, MMA is expected to fluctuate narrowly in April.

Longzhong 2025-03-31 18:51:55

1. Market Focus for This Month

66% capacity utilization rate: Domestic facilities are operating at higher loads, with an average monthly capacity utilization rate of 66%.

b) 42,800 tons: The production of PMMA particles in March was 42,800 tons.

c) 41,370 yuan/ton: Theoretical profit value increases, with the average theoretical profit of PMMA particles in March at 41,437 yuan/ton, a month-on-month increase of 18.56%.

2. This month's market analysis

Figure 1: PMMA Particle Main Market Price Trend Chart (Yuan/Ton)

[PMMA周评]：PMMA市场价格下跌（20250321-20250327）

Data source: Longzhong Information

In March, the particle market was weak. The price of domestic particles was 17,021 yuan/ton, down 0.57% month-on-month. The price of imported particles was 16,968 yuan/ton, down 0.77% month-on-month. From a cost perspective, the average market price of raw material MMA fell in March, leading to lower costs. The monthly average prices in East China, Shandong, and South China markets were 11,080 yuan/ton, 11,068 yuan/ton, and 11,637 yuan/ton, respectively, down 7.13%, 7.25%, and 8.21% month-on-month. From a supply perspective, overall factory operations were stable, production days increased, and output rose in March. From a demand perspective, downstream demand was weak, and coupled with declining costs, the particle market dropped. Overall, the average PMMA market price in March was weak.

Table: PMMA Particle Market in East China This Month Price Statistics Table (unit: yuan/ton)

Region	Market	2025 Year March	2025 February	2024 March 2023	Month-on-Month %	Year-on-year %
Native	East China	17021	17118	15286	-0.57%	11.35%
Import	East China	16968	17100	15295	-0.77%	10.94%

Data source: Longzhong Information

3. Market Influence Factor Analysis

In March, the average price of MMA decreased, the average price of PMMA particles declined, and the overall theoretical profit margin increased.

2) In March, the cost reduction had a minor impact on the PMMA particle market.

In March, the capacity utilization rate of domestic PMMA particle factories improved, with the capacity utilization rate for PMMA particles at 66%.

4. Next Month's Market Forecast

On the raw material front, it is expected that the average price of MMA in April will fluctuate narrowly, with limited changes in costs, which will not significantly impact the market. In terms of supply and demand, particle factories have no scheduled maintenance, maintaining acceptable supply levels. Downstream users continue to purchase at the necessary level, and through negotiations in trading,隆众资讯expects that there is a possibility of a slight decrease in the PMMA particle market average price in April. It is predicted that the short-term PMMA particle prices in the market in April may range between 16,300 to 17,000 RMB per ton.

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【PMMA Monthly Review】Down 132 for the month! Amid trading games, MMA is expected to fluctuate narrowly in April.

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