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[PMMA Weekly Review] The PMMA market is consolidating its operations.

Longzhong 2025-03-20 16:50:04

1. this week's market focus

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

2) Raw materials: The domestic MMA market has slightly increased, methyl acrylate has decreased, and costs have risen.

2. Weekly market analysis

This week, the domestic PMMA particle market remained stable. As of March 20th, the price of domestic sources was between 16,700 and 17,400 yuan per ton; the price of imported sources was between 16,700 and 17,400 yuan per ton.

from the perspective of raw materials, the raw materials within the weekA slight increase, as of March 20th, the mainstream price in the secondary market in East China is 11,200 yuan/ton, the mainstream price of methyl acrylate in the East China market is 11,600 yuan/ton, and the theoretical cost of PMMA is 12,996 yuan/ton.

From the supply side, the capacity utilization rate of the PMMA particle industry this week is at 64%, with some facilities in East China increasing their load.

From the demand side, downstream adopts a buy-as-you-go approach, with a mostly wait-and-see attitude.

From a psychological perspective, more observation, the atmosphere is light.

In summary, the PMMA East China particle market has transitioned smoothly, with inventory holders showing average sales. The end-user buying interest is lackluster, the trading atmosphere is light, and there is insufficient follow-up on actual orders.

3. Market Impact Factors Analysis

As of March 20th, PMMA gross profit was 4004 yuan/ton, a decrease of 181 yuan/ton from the previous period.

2) This week, the PMMA industry's operating rate is at 64%, an increase of 5 percentage points.

4. Next week's market forecast

Longzhong Information expects the domestic MMA market to consolidate in the short term. Sellers are not strongly inclined to lower prices, while downstream operations mainly focus on contract fulfillment, with limited enthusiasm for spot transactions, leading to a somewhat stagnant atmosphere. The trading negotiation atmosphere continues, with the market remaining firm in the short term. Attention should be paid to the operational dynamics of Sanli in Panjin and Quanzhou Petrochemical.

2) Supply forecast: low capacity utilization, normal shipment.

3) Demand Forecast: Demand is average, negotiate as needed.

4) Mindset Analysis: Poor mindset, limited trading.

Longzhong Information expects the short-term PMMA particle market to remain stable, with limited changes in supply and demand. The PMMA particle market is mainly in a wait-and-see mode, with transactions slightly stagnant. Actual order placements need to be followed up, and it is expected that the overall market will not change much.

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[PMMA Weekly Review] The PMMA market is consolidating its operations.

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