29 April 2008 04:26 [Source: ICIS news]
By Anu Agarwal
MTBE prices have increased nearly 18% since the start of this year and jumped from $890/tonne (€570/tonne) FOB (free on board)
MMA production costs at MTBE based units have jumped as a result, a southeast Asian MMA trader said.
While MTBE based producers are seeking MMA prices at around $2,100-2,200/tonne CFR (cost and freight) SE (southeast)
Gasoline blending accounts for the majority use of MTBE and closely affests the price of the latter.
Chemical usage accounts for a smaller part of MTBE use, said a source at
Sumitomo Chemical runs three MMA plants with a combined capacity of 223,000 tonnes/year in
Sumitomo has also licenced this technology to
MMA prices have been under pressure due to the recent capacity additions in
The expected startup of Lucite’s 120,000 tonne/year new ethylene based MMA plant in
Other MMA producers in the region like Lucite in
MMA is used to produce the polymer – PMMA (poly methyl methacrylate) - which is used for casting and moulding applications. The other big and growing use is in transparent plastics applications like LCD screens for TVs and computers monitors.
($1 = €0.64)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|