Roehm Reveals Upcoming November Price Increase for MMA
Roehm Reveals Upcoming November Price Increase for MMA

Roehm Reveals Upcoming November Price Increase for MMA

  • 03-Nov-2023 3:17 PM
  • Journalist: Kim Chul Son

Roehm, a prominent chemical company headquartered in Darmstadt, Germany, has announced its intention to initiate a price adjustment for methyl methacrylate (MMA) and various methacrylate monomer-based products within the United States. This price revision is slated to increase the cost by approximately USD 165 per tonne. The effective date for this price alteration is scheduled to commence on November 1. While the company has officially confirmed the impending price increase, they have opted not to provide additional commentary or details regarding this decision.

It's worth noting that this price hike aligns with a broader industry trend, as Mitsubishi Chemical Methacrylates (MCM) has independently announced a similar price increase for MMA to be implemented in November. These pricing adjustments shed light on the multifaceted challenges that companies operating in the methacrylate market, particularly within the United States, are currently confronting.

In the United States, the methacrylate market remains a fiercely competitive landscape, with limited indications of substantial growth. Despite the competitive nature of the market, there is growing pressure on the cost of raw materials, with a specific emphasis on the pricing of acetone. Acetone plays a pivotal role in the production of MMA, and its cost dynamics can significantly impact the overall economics of methacrylate production.

A significant portion of the MMA produced in the United States, approximately 75%, finds application in the production of polymethyl methacrylate acrylic plastics (PMMA). PMMA is known for its versatility and is utilized across various industries, from manufacturing automotive components to creating signage and architectural elements. Furthermore, methyl methacrylate is instrumental in the formulation of the methyl methacrylate-butadiene-styrene (MBS) copolymer, which serves as a modifier for polyvinyl chloride (PVC).

The decision to increase the prices of MMA and methacrylate monomer-based products underscores the intricate interplay of factors within the industry. It underscores the fine balance between competition, production costs, and market demand. As Roehm and Mitsubishi Chemical Methacrylates embark on these price adjustments, the methacrylate market remains in a constant state of adaptation to the ever-evolving landscape of challenges and opportunities.

In Roehm's decision to raise the prices of MMA and methacrylate monomer-based products in the United States is emblematic of the dynamic and complex nature of the chemical industry. The methacrylate market, though competitive, is grappling with mounting pressures, including the cost of essential raw materials like acetone. The allocation of MMA in the production of PMMA, an integral material in various industries, and its use in creating the MBS copolymer for PVC modification underscores the importance of this market in diverse applications. As Roehm and Mitsubishi Chemical Methacrylates navigate these price adjustments, they demonstrate their ability to adapt to the ever-changing landscape of the methacrylate industry, where factors such as competition, production costs, and market demand are inextricably linked.

Related News

Amidst tightening inventories and elevated feedstock prices, US Methyl Methacrylate Prices escalate in late April 2024
  • 02-May-2024 4:07 PM
  • Journalist: Shiba Teramoto
OQ Chemicals Achieves Mechanical Completion for Röhm's MMA Plant Infrastructure in Bay City
  • 16-Apr-2024 2:23 PM
  • Journalist: Harold Finch
OCI Global and Röhm Introduce Bio-Ammonia Approach for Methylmethacrylate Production
  • 16-Nov-2023 12:28 PM
  • Journalist: Patrick Knight
Despite Weak Feedstock Costs, Methyl Methacrylate Prices Increase in the US Market
  • 08-Nov-2023 5:02 PM
  • Journalist: Patricia Jose Perez