ICIS pricing launches new PMMA Asia weekly report

04 December 2008 02:45  [Source: ICIS news]

Singapore, 4 Dec 2008 – ICIS pricing, the world’s leading price reporting service for the global chemical industry, has launched a new weekly PMMA (Polymethyl Methacrylate) Asia price and market intelligence report in response to increased price volatility within the Asia-Pacific region.

The new report provides CFR China Main Port & CFR Southeast Asia price assessments and commentary on trade flows within the Northeast Asia market.

Asia is critical in this market, consuming approximately 50% of the global supply and with China being the leading producer. There was a positive outlook on demand however; the downturn trend in the market is set to continue given the crash in upstream and crude prices as well as the sharply slowing economy.

“Asian PMMA prices fell on the back of lower-priced offers and discussions in the market. Widespread cuts in automotive manufacturing across the region and weak export demand from the derivative sectors have also had an impact on prices. Falling prices of feedstock MMA (Methyl Methacrylate) have also pulled Asian PMMA values lower,” said ICIS Senior Editor, Anu Agarwal. 

PMMA is a widely sought-after commodity for areas requiring the use of plastics with good optical properties in the sectors for automobile, electronics, construction and manufacturing of toys.

The arrival of in-depth commentary and comprehensive price assessments combined with incisive market intelligence on the Asian PMMA market make it a vital must-have to understanding the current price volatility and market situation.

The new PMMA Asia report is the latest addition to the MMA chain of reports. ICIS also has an established PMMA benchmark report in Europe.

Request a free trial of the PMMA Asia report from ICIS pricing at http://www.icispricing.com/il_free/il_free_trial/free_trial.asp?comp=F-PMMAasia_Announ&cp=OTC-CHPR-PMMAasia_Announ or alternatively email sales.ap@icis.com.

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