[PMMA Weekly Review] PMMA Market Runs Smoothly

1.   Market Focus of the Week

The raw material MMA has risen again, and the cost performance is strong.

The PMMA particles are operating steadily, with a capacity utilization rate of 65%.

Downstream players have a lukewarm participation in the market, and negotiations for purchases are maintaining just-in-time orders.

2. Weekly Market Analysis

The domestic PMMA particle market remained stable this period, with prices fluctuating between 12,600-13,800 RMB/ton. Overall, the market trend was stable during the week. The raw material MMA saw a wide range of increases, while another key raw material, methyl acrylate, slightly softened, but the overall cost pressure remained. Major suppliers operated steadily, aligning with the market, and holders actively negotiated to promote transactions. Smaller factories faced difficulties in shipments, with some willing to offer concessions to move goods. There was a certain price gap in spot quotations. On the demand side, order growth was not significant, continuing the previous sluggish atmosphere. Industry players showed low willingness to stock up, entering the market with pressing needs and negotiating with price reductions. Small orders were negotiated, and stocking enthusiasm was lacking.

3. Market Impact Factor Analysis

① During this period, the weekly average profit of PMMA was 907 yuan/ton, a decrease of 346 yuan/ton compared to the previous period's average price. 。

② The operating rate of the PMMA industry this week is 65%.

4. Market forecast for next week

The PMMA particle market is expected to consolidate in the next period. The raw material MMA market is showing a strong trend, providing support for the cost side of PMMA particle factories. Due to poor new order intake, there is limited room for price adjustments by factories. Intermediaries are not inclined to sell at low prices, and the focus of quotations may remain firm. It is necessary to observe the main factories' operational movements and the demand follow-up situation.