Hamburg (Germany): Since the commencement of April xxxx, Polymethyl Methacrylate (PMMA) prices have remained cautiously firm, supported by high upstream costs and limited inventories across the European market. While demand has been mixed across different sectors in the regional market, looking ahead, PMMA markets may see a gradual softening in mid-Qx xxxx under pressure from weak downstream demand. Buyers anticipate further discounts during negotiations, adding to their cautious stance. Even end-user buyers expect a reduction in PMMA prices.
PMMA prices have increased by USD xx/MT in the German market. The key raw material, Methyl Methacrylate, has persistently increased in cost due to high production costs and tight supply, raising the production cost of PMMA. Consequently, most PMMA manufacturers have adjusted their offers upward, citing firm cost support. Additionally, the oil market remained high, contributing to OPEC+ extending voluntary cuts into the second quarter of the year. Geopolitical...
