1 、 Today's Summary

① The factory quotations remained stable today.

Today, the domestic PMMA particle utilization rate is at 64%.

2 , Spot Overview

Based on the East China region, today's PMMA particles closed at 16,700 yuan/ton, unchanged from yesterday and lower than the morning's expectations. Today, the PMMA particle market is operating steadily, with market participants mainly adopting a wait-and-see approach. Holders of goods do not show a strong intention to deeply reduce prices, maintaining stable报价心态。下游需求保持现状，按需采购为主，实际成交量跟进不足。 The downstream demand remains at the current level, focusing on purchasing as needed, with actual transaction volumes not following suit adequately. It seems there was an interruption in the last part of your text. Here's the complete translation: Today, the PMMA particle market is operating steadily, with market participants mainly adopting a wait-and-see approach. Holders of goods do not show a strong intention to deeply reduce prices, maintaining stable reporting attitudes. Downstream demand remains at the current level, focusing on purchasing as needed, with actual transaction volumes not following suit adequately.

3 Production Dynamics

The PMMA particle capacity utilization is at 64%, unchanged from the previous period. The factory operations are currently stable.

4 Price prediction

The short-term PMMA particle market prices are stable, with sellers maintaining a steady mindset and limited room for negotiation. At the beginning of the month, there is insufficient market information, and further clarification in the market is still needed. In summary, the ongoing game between upstream and downstream is expected to keep the short-term PMMA particle market operating in a stable manner, with attention on the shipment rhythm and absorption dynamics.

5 , Relevant product information

MMA Market: Based on the East China region, today's MMA closed at 10,850 yuan/ton, unchanged from the previous working day, in line with the morning expectation. countryIn terms of the domestic market, todayMMA marketStable center of gravity, cargo holders' offers remain calm; low-priced goods are mostly from previous orders. At the beginning of the month, there are limited new orders in the market. The market is transitioning amid观望. Actual transactions are mainly driven by essential needs. (Note: "观望" directly translates to "observation" or "watchful waiting," but in the context of market behavior, it implies that participants are cautious and refraining from immediate action.)

6 Data Calendar

Table 2 Domestic PMMA Particle Data Overview (Unit: Ten Thousand Tons)