1、 Price trend

According to the Commodity Market Analysis System of Shengyishe, as of March 15th, the average price of transparent grade premium PMMA in China was 16066.67 yuan/ton. This week, PMMA prices have shown a narrow upward trend, with a 2.12% increase compared to the same period last week. Currently, upstream prices have some support on the cost side, while downstream automotive demand is strong and manufacturer inventories are at a low level. Currently, the mainstream price of PMMA is between 16000-17000 yuan/ton.

2、 Market analysis

This week, the price trend of PMMA has risen, with a narrow upward trend being the main trend. The price has increased by 2.12% compared to the same period last week, with an increase of about 300 yuan/ton. Upstream acetone has seen a narrow upward trend, and there is still room for an increase in acetone since March. Downstream demand for power vehicles is good, downstream procurement atmosphere is positive, logistics is smooth, inventory is consumed normally, and terminals are gradually recovering. The overall trend is stable, medium, and strong.

Rubber and Plastics Index: On March 14th, the rubber and plastics index was 686 points, unchanged from yesterday, a decrease of 35.28% from the highest point in the cycle of 1060 points (2012-03-14), and an increase of 29.92% from the lowest point of 528 points on April 6th, 2020. (Note: The cycle refers to 2011-12-01 present).

3、 Future Market Forecast

PMMA analysts from Business Society believe that there is currently some support on the upstream cost side, coupled with good downstream demand, and it is expected that PMMA prices will remain stable, medium to strong in the short term, with prices difficult to fall. The mainstream price will remain around 16000 yuan/ton.