[PMMA Weekly Review] PMMA Market Moves Sideways

1.   The focus of the market this week

The raw material MMA fluctuates within a narrow range, providing limited cost support.

② PMMA started stably, with a capacity utilization rate of 62%.

Downstream enterprises mainly consume their inventory, lacking enthusiasm to enter the market.

2. Market Analysis for This Week

In this period, the domestic PMMA particle market remained stable, with price fluctuations ranging from 12,600 to 13,800 yuan/ton. The raw material side has recently seen slowed fluctuations, providing limited stimulation to the market from the cost perspective. Suppliers have not shown clear signs of release and are primarily focused on sales, while holders are following market trends, keeping offer ranges stable compared to the previous period. On the demand side, progress is slow, with many digesting inventory and purchasing based on immediate needs, negotiating as needed, and flexibly following up on purchases, with large orders being rare.

3. Analysis of Market Influencing Factors

① During this period, the average weekly profit of PMMA was 1,539 yuan/ton, an increase of 10 yuan/ton compared to the previous average price. 。

② This week, the operating rate of the PMMA industry is 62%.

4. Market Forecast for Next Week

The PMMA market is expected to remain stable to slightly weak in the next period. On the cost side, the domestic MMA market is expected to be narrowly weaker next week, with reduced cost-driven pressure. On the supply side, production levels of operating enterprises are expected to change little, though there is a possibility that some facilities might increase their operational load. On the demand side, end-user factories will make purchases based on necessity, but overall transactions are unlikely to see a significant increase.