[PMMA Particle Daily Review] PMMA Market Focus Shifts Downward

1 Today's Summary

①、 Today's PMMA Particle MarketLower the center of gravity 。

②、 The domestic PMMA particle utilization rate remains at 64% today.

2 Spot Overview

Table 1 Summary of Domestic PMMA Particle Prices (Unit: RMB/ton)

Based on the East China region, today's PMMA granules closed at 13,000. CNY/tonIt dropped by 200 yuan per ton compared to the previous working day, in line with the morning expectations. 。 The domestic PMMA particle marketThe focus has shifted downward. Downstream buyers are cautious, and buying interest is weak and hard to revive. Suppliers continue to deplete inventories, and offers are continuously declining. However, with the raw material MMA in a sluggish state, market participants find it hard to maintain a positive outlook, and a bearish atmosphere pervades the market.

3 Production Dynamics

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

4 Price Prediction

The intraday cost side remains in a stalemate, with PMMA particle manufacturers' costs still providing some support. There is limited intention to lower prices in the future, making price stability more likely. However, demand continues to be weak, and the end market is unlikely to see significant improvement. Due to the regular off-season, spot market liquidity is slow, and it cannot be ruled out that holders may lower prices to reduce inventory. Traders are mostly adopting a wait-and-see approach, with low willingness to hold positions.

5 Relevant product information

MMA Market: As of today, the MMA price in the East China region closed at 9,350 yuan/ton, unchanged from yesterday, in line with the morning forecast. Today, the domestic MMA market is undergoing consolidation and transition, with prices having dropped to relatively low levels. Some holders are making normal shipments, but there is limited willingness to sell at lower prices. Downstream buyers have a generally cautious purchasing attitude, mainly negotiating as needed, with actual orders discussed on a case-by-case basis.