Global PMMA market sentiment weak, likely to bounce back in Q1 2022
After a strong year for whole acrylics chain, prices of Poly Methyl Methacrylate (PMMA) show a downward trend as the year draws to a close. PMMA maintained robust pricing for a major part of the year stemming from sharp demand rise and dwindled production throughout the world due to global as well as regional factors. Domestic prices of PMMA in South Asia slumped to USD 2357-2514 per MT during initial weeks of December while South-East Asia PMMA prices dropped to USD 2290-2430 per MT. Similar trends have also been observed in the West where USA prices dipped under USD 3000 per MT on FOB basis after remarkable Q2 and Q3. Drop in prices comes from dwindling demand towards the end of the year in the backdrop of waning consumption of acrylics sheets across the world. Low demand of acrylics has also impacted MMA market, feedstock for PMMA, where despite high transportation and raw material costs, manufacturers were forced to decrease the prices of MMA. In South Asia, PMMA manufacturer...