22 November 2011 04:59 [Source: ICIS news]
By Monica Cai
Prices in east
MMA prices in
“MMA imports are likely to be over 10,000 tonnes every month,’’ said a northeast Asian producer.
Producers in these regions are holding high inventories because of low demand from their domestic markets and are keen to export their product to
On a CFR China basis, discussions for import prices were heard at $1,900-2,000/tonne (€1,406-1,480/tonne) on 21 November.
Another factor contributing to the decline in MMA prices is the softening of other related acrylate monomer prices.
Butyl acrylate (butyl-A) prices fell by around CNY1,200/tonne last week, according to Chemease data.
MMA and butyl-A are used to make emulsions for the construction and automotive industries.
Emulsion demand has weakened because of slower growth in the construction sector and sluggish automotive sales, said industry players.
“The imports of MMA to
Hence, many buyers are adopting a cautious stance and buying on a need-to basis, traders said.
($1 = CNY6.37)
($1 = €0.74)
Additional reporting by Junie Lin
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