Bearish raw material prices slipped the prices of Methyl Methacrylate (MMA) in Asia
In this month, the price of Methyl Methacrylate in Asia remained weak where the contract prices were hovering around $1750/ton-$1830/ton and spot prices were observed to be $1900/ton-$2000/ton. The general purpose (GP) PMMA price is in the range of $2,000-2,250/MT CFR Southeast Asia. China PMMA prices continued to be under downward pressure. PMMA price is in the range of $2207/ton-$2365/ton pmt DEL, depending on the origin and end-use. The feeble market of Methyl Methacrylate was driven by the downward pressure of numerous downstream customers closing down from middle January for the Lunar New Year occasion, and the sceptical economy viewpoint because of the Covid-19 new variation - Omicron pandemic crisis. On the supply side, recently several Methyl Methacrylate plants in China either reduced creation rate or scale back the production as arranged due to transportation limitation as a component of the preparation for the Beijing Winter Olympics in February. Subsequently it's hear...