1. Market Focus This Week
1) Production: The PMMA capacity utilization rate this week is 64%.
Raw materials: The domestic MMA market is declining, while methyl acrylate is rising, resulting in lower costs.
This week's market analysis
This week, the domestic PMMA particle market has shifted downward. As of March 27, the price of domestic sources is between 16,500 and 17,200 yuan/ton; the price of imported sources is between 16,500 and 17,000 yuan/ton.
From the perspective of raw materials, the raw materials during the week...MMA marketAs of March 27, the mainstream price in the East China secondary market has declined to 11,100 yuan/ton, while the mainstream price of methyl acrylate in the East China market is 11,800 yuan/ton. The theoretical cost of PMMA is 12,913 yuan/ton.
From the supply side, the capacity utilization rate of the PMMA particle industry this week is 64%, which is the same as the previous period.
From the demand side, downstream procurement is moderate, with no significant increase in volume.
From a psychological perspective, the mindset is more about observation, focusing on practical discussions.
In summary, the PMMA particle market prices in East China have declined, with insufficient buying interest; however, suppliers still have intentions to sell, leading to lower offers. The market atmosphere appears slightly weak, with transactions following only essential demand.
Table 1 Weekly Fluctuation Table of PMMA Industry Chain Products (Unit: Yuan/Ton)
Data source: Longzhong Information
3. Market Impact Factor Analysis
As of March 27, the gross profit of PMMA is 3,887 yuan/ton, a decrease of 117 yuan/ton compared to the previous cycle.
The operating rate of the PMMA industry this week is 64%, remaining stable.
4. Market Forecast for Next Week
1) The short-term domestic MMA market is expected to be slightly sluggish. Sellers still have intentions to ship, and at the beginning of the month, some downstream parties are executing contracts, which may result in limited spot procurement. There is still a possibility of price negotiation declining, and an average weekly price drop is anticipated. Continue to monitor the operational status of Panjin Sanli and Quanzhou Petrochemical facilities.
Supply forecast: Low capacity utilization, limited short-term changes.
3) Demand Forecast: Demand is generally moderate and negotiable.
4) Market sentiment analysis: Neutral sentiment, maintaining just demand.
In summary, Longzhong Information expects the short-term PMMA particle market to consolidate within a narrow range, with weak demand. Sellers in the PMMA particle market are facing challenges in sales, and actual transactions are maintaining a just-in-time basis.
