30 October 2009 08:21 [Source: ICIS news]
SINGAPORE (ICIS news)--China’s methyl methacrylate (MMA) imports for September at 16,300 tonnes were nearly double the August levels of 8,700 tonnes amid healthy demand for downstream polymethyl methacrylate (PMMA), industry sources said on Friday.
According to recently released Chinese trade statistics the country imported 105,000 tonnes of MMA during the first nine months of this year. Imports for the whole of 2008 were 82,600 tonnes.
However, regional MMA sellers said October business had slowed down.
“Domestic prices in China have softened due to ample availability of imported as well as local cargoes and import appetite is limited,” a northeast Asian seller said.
Downstream PMMA demand in October had weakened compared to the third quarter and import bids had fallen to the mid-$1,500/tonne (€1,005/tonne) CFR (cost and freight) China range from around $1,600/tonne CFR China in late September, the seller added.
The Majority of Chinese MMA imports come from Japan, Singapore and Korea.
MMA is used for making PMMA and transparent ABS – both of which are used in flat screen TV production. MMA is also used for making resins for coatings emulsions as well as for making cast sheets for signages and household goods.
($1 = €0.67)
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