How Methyl Methacrylate market surged the prices of Polymethyl Methacrylate globally
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...