Europe April MMA contract prices rise on cost recovery

25 April 2014 23:59 Source:ICIS News

LONDON (ICIS)--Europe April methyl methacrylate (MMA) contract prices have risen by €30/tonne from the previous month on cost recovery, sources said on Friday.

April MMA contract prices are at €1,810-1,840/tonne FD (free delivered) NWE (northwest Europe).

“April prices have gone up because of cost increases seen since the beginning of the year,” a seller said.

A buyer said prices had moved up in line with global pricing.

April feedstock acetone contract prices increased by €8/tonne.

Spot prices are at €1,640-1,720/tonne FD NWE.

The principal application of MMA is for the manufacture of polymethyl methacrylate (PMMA). MMA is also used for the production of co-polymer methyl methacrylate-butadiene-styrene (MBS), used as a modifier for polyvinyl chloride (PVC).

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By Helena Strathearn