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 €3.15–3.18/kg ($4.32–4.36/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 €0.03–0.08/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 €80–130/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)
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