Polymethyl methacrylate price is constant across Asia, despite a dramatic drop in MMA price
- 07-Jan-2022 6:01 PM
- Journalist: Nina Jiang
On the polymethyl methacrylate (PMMA) front, polymethyl methacrylate prices were deemed constant across Asia, despite a dramatic drop in MMA pricing in China's domestic market. polymethyl methacrylate prices for general purpose (GP) are constant at $1,950-2,200/mt CFR China and $2,150-2,300/mt CFR Southeast Asia.
With the historical oversupply of Methyl Methacrylate in the market across Asia, the declination in the trend is observed. However, polymethyl methacrylate market was firm due to moderate demand in its downstream market. Production challenges, including routine maintenance limits the prices of PMMA to dip further. India which majorly imports MMA from Southeast Asian countries had measured the significant fall in the prices due to backdrop in the deteriorating demand in the acrylic market. The emerge in the new Covid Variant had deterred the Southeast Asian market. Procurement activities had showcased the significant improvement as the prices were firmed due to its application in extruded sheets, pallets, and construction industries.
According to ChemAnalyst, it is expected that the firm price trend for polymethyl methacrylate can be observed in the upcoming weeks. Upstream methyl methacrylate market is likely to drop in the deterred demand in the Asian market. However, the downstream Automobile and construction market will push the demand segment of polymethyl methacrylate with its increase in consumption in the industries. In the Indian market, Freight congestion and inflationary pressure will affect the traders as well as the manufacturers. The Ethylene based MMA production will increase especially in the market where ethylene is more readily available and cheaper than other feedstocks. On 6th January, Rohm GmbH had announced to expand its PMMA capacities in Shanghai, China which not only support the growth in the region and on the same time will seize new market opportunities which will also affect the downstream market segments.