21 June 2013 12:53 [Source: ICIS news]
LONDON (ICIS)--European polymethyl methacrylate (PMMA) producer Lucite International is not accepting any new spot business because of supply limitations on upstream methyl methacrylate (MMA), a source from the company said on Friday.
“We cannot accept any other additional spot business because of the shortage,” a PMMA source from the company said. The company does expect a balanced third-quarter, however.
Lucite placed its MMA customers on sales control with effect from 17 June, because of an unplanned outage. The company said a shutdown was required to resolve a technical issue at its Cassel MMA site in northeastern England.
Despite supply constraints upstream, there is sufficient PMMA available in Europe to meet third-quarter demand.
“There's enough material in the market,” the source added.
The producer said its PMMA business is being supplied on the same allocation basis as all other MMA customers.
“Fortunately, the current stock and production management flexibility within our PMMA business will allow us to significantly mitigate the impact on our customers. It means we do not expect to move to supply allocation on PMMA, which is reassuring news for our PMMA customers and us in the current circumstances.”
Lucite International's PMMA plant is located in Rozenburg, in the Netherlands.
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 lighter, shatter-resistant alternative to glass.
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