Downtrend of Asian MMA continued for third month Straight, expect an uptrend rally in Q1 2022
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. ...