Price and market trends: US MMA contract prices decline

07 June 2013 09:58  [Source: ICB]

US methyl methacrylate (MMA) contract prices softened again for May on weaker upstream values, but reductions were limited by snug supply, sources confirmed on 31 May.

 
MMA prices for May were assessed down by an average of 2 cents/lb ($44/tonne, €34/tonne) on market consensus, though some flat settlements were heard. The reductions came on competitive pressure and because of upstream pressure from sharply weaker April barge acetone, sources said.

The decline took the May railcar range to $1.18-1.22/lb, and the truck range slipped to $1.20-1.24/lb, as assessed by ICIS.

LARGE-BUYER ACETONE FALL
The large-buyer acetone contract fell by 7.5 cents/lb for April, but MMA was said to be generally tighter the week ended 31 May, so price reductions were limited for most domestic customers.

Although cheaper April raw materials have precluded any significant MMA price movement recently, sources said the market appears to be stabilising and even improving.

Housing numbers are positive, some sources noted, along with demand for coatings, but ongoing storms and adverse weather patterns have stymied typically stronger seasonal demand.

Major US MMA producers include Arkema, Dow Chemical, Evonik and Lucite.


By: Larry Terry
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