Germany, (Hamburg): In xxxx, European Polymethyl Methacrylate (PMMA) markets faced challenges due to the persistent impact of declining demand, resulting in consistently reduced operating rates in key downstream industries influenced by sluggish global economies. It is anticipated that the European PMMA market will encounter challenges again in xxxx as subdued economic growth and oversupply weigh on PMMA.
According to the latest ChemAnalyst database, prices of PMMA in the German market witnessed a significant decrease of USD xxx/MT during the last quarter of xxxx. The feedstock Methyl Methacrylate prices also observed a decline amid continued weak demand, leading to the lower manufacturing cost of PMMA and supporting the downward trend in PMMA prices in the domestic market. Regarding domestic production, manufacturing firms did not operate at full capacity as demand from the downstream industry had not yet improved across the domestic market. On the other hand,...
