03 April 2012 02:30 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)--Reduced purchasing for flat-screen TVs may be partly to blame for the demand destruction in methyl methacrylate (MMA) markets in Asia since fourth quarter, but markets will improve second half of 2012, an industry source said on Monday.
“There were huge inventories for liquid crystal display (LCD) TVs during fourth quarter 2011 and first quarter 2012 so very little production of the TVs and thus reduced consumption of MMA,” an MMA manufacturer said on the sidelines of the International Petrochemical Conference (IPC).
In 2011, global TV shipments fell by 0.3% to 247.7 m units, the first time for the shipments to slip since 2004, when ?xml:namespace>
“The low level of shipments were partially caused by excessive inventory levels early in 2011 for the US and European markets, as well as a sharp drop in demand in Japan following the end of the government sponsored Eco-Points program that caused a surge in replacement activity during 2009-2010,” said Paul Gagnon of DisplaySearch.
The MMA producer said that demand for the monomer has recently increased from the TV sector and that second half of the year was expected to more balanced.
Hosted by the American Fuel & Petrochemical Manufacturers (AFPM), the IPC continues through Tuesday.
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections