Another MMA maker in US seeks Q1 price hike

19 December 2006 20:52  [Source: ICIS news]

HOUSTON (ICIS news)--Cyro Industries on Tuesday said it planned to raise first-quarter methyl methacrylate (MMA) contract prices 5 cents/lb ($110/tonne), making it the second producer in as many days to seek a hike.

Another US producer, which buyers declined to identify, said on Monday that it would seek a 6 cents/lb hike.

MMA suppliers in the US argued that tight global supplies would lead producers to boost prices. Buyers countered that prices had peaked and that further increases could not be passed on to downstream customers.

US contract prices for the fourth quarter were settled 5 cents higher on the low end to $1.125-1.165/lb FD (free delivered) railcar, and $1.145-1.185/lb FD tank truck, according to global chemical market intelligent service ICIS pricing.

Major US MMA sellers include Cyro, Lucite, Arkema and Rohm and Haas.

By: Heather McGuire Doyle
+1 713 525 2653

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