Hamburg (Germany): Despite persistent demand challenges, prices of Polymethyl Methacrylate (PMMA) have remained firm across the European market throughout March xxxx. High energy and feedstock prices, coupled with tightening supply conditions, have been the main drivers behind the request for price hikes, despite demand remaining under severe pressure from economic challenges. Market players anticipate firmer expectations for the forthcoming month, indicating a mix of uncertain demand and cost-push factors.
As per ChemAnalyst latest database, PMMA prices have showcased an increment of USD xx/MT across the German market. The feedstock Methyl Methacrylate (MMA) has been observed on the higher end due to tight supply, leading to high domestic production costs of PMMA within the domestic market. On the other hand, global crude oil prices have surged due to tighter global supply resulting from escalating conflicts in the Middle East and between Russia and Ukraine. Meanwhile, a shrinking...
