| Recently, the overall market price of methyl methacrylate in China has been stable and rebounded in a narrow range. The low supply of goods in the market has gradually disappeared. The actual transaction price in the market has risen to 9300-9500 yuan/ton from the low end of 9000 yuan/ton in the early stage. The overall market buying atmosphere is gradually improving, the downstream end users to maintain more solid orders to fill the warehouse buying, small and medium-sized middlemen also have a cautious pursuit of rising mentality. Domestic methyl methacrylate market single purchase atmosphere slightly restored, the market transaction level a change in the early dull atmosphere slightly active. Then in the domestic methyl methacrylate market market market price continues to weak negative down in July, what is causing the current situation of the market to stop the decline and stabilize the narrow rebound? Under the background of the gradual release of new production capacity in the late stage of methyl methacrylate market, what will be the change in the late stage of market price trend? First of all, the recent methyl methacrylate market to stop a steady rebound, is the "spring effect". Entering July, the overall domestic methyl methacrylate market has been showing a weak downward running trend, the market price continues to fall. In July, the lowest price in the market even negotiated to the price below 9000 yuan/ton, and the low price in the market is frequently available. Although the domestic methyl methacrylate market price continues to decline, but the overall trend of methyl methacrylate raw material market is still relatively stable. Take acetone market price as an example. So far, the market price remains above 7000 yuan/ton, which still fails to fall below market expectations. The market price of raw materials remains at a high level, while the market price of methyl methacrylate continues to decline, leading to high losses of domestic methyl methacrylate manufacturers. Some manufacturers were even forced to stop because they could not afford the huge losses. In mid-July, the market price of domestic methyl methacrylate was below 9000 YUAN/ton. Due to the high cost pressure and loss, the market price has been in a state of no decline. Therefore, domestic methyl methacrylate enterprises to maintain a stable price mainly, low market price offers gradually scarce. With the domestic methyl methacrylate enterprise offer hold steady reluctant to sell, the domestic methyl methacrylate overall market price goods disappeared, and have increased the offer. Secondly, the recent methyl methacrylate market stop stable rebound, and the supply of cracking material is less related. As the domestic market price of methyl methacrylate new material hovered around 9,000-9,500 yuan/ton, the market operation space of cracking material methyl methacrylate was gradually reduced, and the supply showed a significant decrease trend. In addition, the recent emergency shutdown of 170,000 TONS/year of METHYL methacrylate in Jassul State began on July 17 and lasted until early August; Jilin Petrochemical 200,000 tons/year methyl methacrylate production plant, one of the 50,000 tons/year capacity production line shutdown; Heze Huali 50,000 tons/year methyl methacrylate in the plant on July 15 to August early parking overhaul news impact, the overall domestic methyl methacrylate market mentality has a subtle change. With the recent domestic methyl methacrylate pyrolysis material and the new material overall supply gradually reduced, some downstream production enterprises are active in the purchase intention of the actual order enquiry, the atmosphere of the actual purchase also has a certain improvement compared with the early stage. Third, on the impact of methyl methacrylate market trend of two factors. There are two main factors affecting the trend of methyl methacrylate after the market: first, the stable situation of methyl methacrylate has been gradually established, and the market in the short term may be dominated by a stable narrow rise trend. Due to the recent domestic methyl methacrylate production enterprises are losing money, and cracking is expected to reduce, the downstream end-user ChanGang need shopping atmosphere positive step by step and other factors, the domestic methyl methacrylate production enterprise based on a variety of factors to consider is to stabilize the market price of the original intention is given priority to, so the market low supply of goods or will disappear, further under the background of bearish hopeless, or the overall market traders will be stable slightly higher. There are three main factors affecting the future trend of methyl methacrylate: the second is the anticipation of the late launch of 90,000-ton/year methyl methacrylate production capacity of Zhejiang Petrochemical Company, or the limited impact on the overall domestic methyl methacrylate market in July. It is expected that the 90,000-ton/year new production capacity of Methyl methacrylate will be put on the market in early August, so it has little influence on the trend of domestic methyl methacrylate market in July. In addition, supply for the first batch of products is limited, and the impact of the official launch in August may also be lower than expected. Therefore, new production capacity put in, most is the overall market operation mentality of the impact of the expected. To sum up, July is the traditional low season for sales of methyl methacrylate in China, and the actual order atmosphere of the downstream terminal industry may gradually show a trend of boosting operation in early August, and the actual demand situation will gradually improve. Domestic methyl methacrylate manufacturers in the state of loss, the actual determination to stop the decline will remain firm. With the release of new production capacity of methyl methacrylate in the later period, the situation of overcapacity in the overall domestic methyl methacrylate market is also an undeniable reality. Suggest day trading, to be clear information surface guidance. |
