According to the analysis system of the commodity market of the Business Society, as of November 9th, the average price of PMMA, a general transparent and high-quality product in China, was 14566.67 yuan/ton. This week, the price of PMMA showed a narrow and weak trend, with a price drop of 0.23% compared to the same period last week. Downstream demand procurement was the main focus, and negotiations remained stable.
This week, the general transparent grade premium product PMMA in China showed a stable and weak trend, with prices dropping by 0.23% compared to the same period last week. The purchasing atmosphere is average, and downstream demand is insufficient. Currently, the quotation range of mainstream manufacturers is still around 14600 yuan/ton. The operating rate is stable, and the overall market supply and demand is balanced. Manufacturers are willing to give up profits and take orders, and the cost support is weak. Downstream procurement is mainly based on demand, and there is no obvious willingness to hoard, Enterprise quotation: Shanghai Hongqi Plastic Technology Co., Ltd. 14800 yuan/ton.
Rubber and Plastic Index: On November 9th, the rubber and plastic index was 677 points, a decrease of 1 point from yesterday, a decrease of 36.13% from the highest point in the cycle of 1060 points (2012-03-14), and an increase of 28.22% from the lowest point of 528 points on April 6th, 2020. (Note: The cycle refers to the period from December 1st, 2011 to the present).
PMMA analysts from Business Society believe that in the short term, PMMA will remain weak and stable, with a limited range of price fluctuations.
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