ChemAnalyst

In the Asian market, the spot prices of Methyl Methacrylate (MMA) are hovering around USD 2200/ton - USD 2400/ton. In China, Poly methyl Methacrylate prices surged by 20% - 30% for April shipments. Methyl Methacrylate General Purpose (GP) prices accelerated to USD 2100/ton-USD 2350/ton CFR, China, and USD 2400/ton-USD 2700/ton CFR for Southeast Asia in the first week of April. Feedstock Methanol market continued to increase with the price range of USD 420/ton-USD 470/ton, affected by coal shortage and reduction in production rate. Surging Covid cases in China with port congestions shoot up the prices of Petrochemical products in the domestic market. The production rate is also affected in China due to supply shortage and runs with a capacity of 60% - 70%. This week, PetroChina Jilin cut the production rate of the Methyl Methacrylate plant affected by the upstream Acrylonitrile (AN) plant shutdown in mid-March due to economic reasons. In Europe, soaring energy value and bullish raw mat...

Methyl Methacrylate prices remained in freefall in key Asian markets continuing on the slump in previous months. Demand deterioration has been a key force behind the dullness in MMA market sentiment. Both traditional and imminent factors have led to global demand drop. Holiday season in the West has resulted in muted enquiries for MMA and downstream acrylics from North America and Northwestern Europe. There has been traditional hush in the market as consumption declined in the last few weeks of the year. Muted activity has been further amplified by rising covid cases across the globe. Despite high raw material and logistics costs, MMA producers failed to increase or even rollover the prices of Methyl Methacrylate in China market. This has been majorly derived from demand deterioration in the MMA market which is caused by stagnancy in acrylics during the last month of the year. Consequently, MMA manufacturers have decreased their production rates on a par with the available demand. ...