[PMMA Weekly Review] PMMA Market Operates in a Range

1.   This Week's Market Focus

1) Production: This week's PMMA capacity utilization rate is 64%.

2） Raw materials: The recent decline in MMA prices has led to a further reduction in costs.

3) Requirements: Translate the above content into English and output the translation directly without any explanation.Downstream demand only maintains rigid demand, and market transactions lack volume growth. 。

2. Weekly Market Analysis

This week's domestic PMMAMarket range operationAs of July 24th, the price of domestic sources is between 12,900 to 14,000 RMB/ton; the price of imported sources is between 13,000 to 13,800 RMB/ton.

With the consecutive declines in PMMA prices over the past two weeks, market sentiment has slightly improved, and overall market fluctuations have eased. However, both the upstream and downstream PMMA markets softened simultaneously during the week, and overall market sentiment remained cautious. Downstream buyers resisted high prices, leading to limited fluctuations in actual trading. In the latter part of the week, the price of raw material MMA continued to fall, with both buyers and sellers mostly adopting a wait-and-see attitude, resulting in a subdued trading atmosphere.

3. Analysis of Market Influencing Factors

During this period, the weekly average profit of PMMA was 2,032 RMB/ton, with the average price increasing by 92 RMB/ton compared to the previous period. 。

The operating rate of the PMMA industry this week is 64%.

4. Market Forecast for Next Week

The probability of a weak PMMA market next period is high. Key Focus: 1. Supply side. There is currently no expectation for the restart of previously reduced or maintenance units, and no clear plans for further production cuts among operating units. Industry supply is expected to remain largely unchanged next week. 2. Demand side. Most downstream end-users are adopting a wait-and-see approach, spot market transactions are sparse, and long-term demand is insufficient. 3. Cost side. The overall market price of raw material MMA has slightly declined, and PMMA cost support is weak.