AFPM ’13: Acetone's drop means US April MMA needs to fall - buyer

24 March 2013 21:34  [Source: ICIS news]

SAN ANTONIO, Texas (ICIS)--With feedstock costs falling, the US April methyl methacrylate (MMA) contract needs to fall slightly, a buyer said on Sunday on the sidelines of the International Petrochemical Conference (IPC).

The buyer said that with the upstream barge acetone contract falling by 5 cents/lb ($110/tonne, €85/tonne), US April MMA contracts should fall by 2-3 cents/lb.

“There is no way a rollover makes sense,” the buyer said. “Demand is good, but it isn’t that good.”

No nominations have been heard for the April MMA contract. Major US MMA producers include Dow Chemical, Evonik and Lucite.

Hosted by the American Fuel & Petrochemical Manufacturers (AFPM), the IPC continues through Tuesday.

($1 = €0.77)

By: John Dietrich

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