Europe PMMA Q4 contracts down by €0.05/kg

21 October 2011 23:59  [Source: ICIS news]

LONDON (ICIS)--European polymethyl methacrylate (PMMA) fourth-quarter contracts decreased by €0.05/kg from the previous quarter, because of softer demand and improved availability, market sources said on Friday.

Contracts settled at €3.153.18/kg ($4.324.36/kg) and were assessed on a free delivered (FD) northwest Europe (NWE) basis.

Some contracts rolled over, but a large majority of contracts decreased by €0.030.08/kg.

A major producer said: “Some prices in the sector follow the trend of methyl methacrylate (MMA).”

MMA fourth-quarter contracts settled at a decrease of €80130/tonne, because of better supply and reduced demand levels.

“We’re still seeing reasonable demand and the PMMA market is balanced. We’re no longer getting pleas for spot material, however,” a major producer said. “Our plant is running at full rates, and we’re not seeing end-user demand weakening.”

Nearly all MMA is polymerised to make homopolymers and copolymers, with the largest application being the casting, moulding or extrusion of PMMA or modified polymers.

PMMA is a transparent thermoplastic, often used as a light or shatter-resistant alternative to glass.

($1 = €0.73)

For more on PMMA visit ICIS chemical intelligence

By: Helena Strathearn
+44 208 652 3214

AddThis Social Bookmark Button

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.

Printer Friendly