Europe second-quarter PMMA increases by €0.13/kg

30 April 2010 23:59  [Source: ICIS news]

LONDON(ICIS news)--The second-quarter European polymethyl methacrylate (PMMA) contract has increased by €0.13/kg ($0.17/kg) from the previous quarter as a result of improved demand, higher feedstock costs and a lack of competitively priced imports, market sources said on Friday.

A major producer confirmed that it had increased its price by €0.13/kg and said that demand was increasing.

“We are seeing increases on sheets going through and forward orders of two to three months, because [the customers] are concerned about is very unusual for shortages everywhere,” said the producer.

According to data from global chemical market intelligence service ICIS pricing, the discounted second-quarter contract price was agreed at €2.73-2.88/kg FD (free delivered) NWE (northwest Europe).

In the MMA market, spot prices were discussed some €200/tonne higher than last week, because of availability issues at Evonik’s facility in Worms, Germany.

In a company statement, Evonik said that it was forced to reduce its PMMA output to “substantially reduced rates.”

The pre-discounted first-quarter PMMA contract price was agreed at €2.60-2.75/kg FD NWE.

($1 = €0.76)

For more on MMA visit ICIS chemical intelligence
For more on Evonik visit ICIS company intelligence
To discuss issues facing the chemical industry visit ICIS connect

By: Julia Meehan
+44 20 8652 3214

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