In late April xxxx, the prices of Polymethyl Methacrylate (PMMA) show a notable decline in the Asian and US markets. It is a key material which is widely used in automotive manufacturing for its clarity, strength and lightweight properties. The decline in prices of PMMA is primarily driven by the shifting industrial strategies, trade tensions and a cooling automotive sector. As geopolitical and economic pressures reshape global supply chains the PMMA’s downward trajectory highlights the broader challenges confronting the automotive and materials industries.
In China, despite the optimism surrounding the Shanghai auto show where both global and domestic automakers are launching next-generation vehicles, the PMMA market is facing downward pressure and the price settled at USD xxxx/tonne. Although China remains the world’s largest auto market, PMMA prices have declined due to oversupply and weak demand from key sectors, especially...
