Global methyl methacrylate (MMA) players are looking to the Middle East, in the hope of finding some relief to the current shortness in supply. Supply started to tighten in the second-half of 2016, with a series of planned and unplanned plant outages in Asia as the catalyst. Since that point, the global supply situation has gone from bad to worse, with prices soaring in Asia, Europe and the Americas.
After a sustained period of tightness, when, at times, many buyers have simply been unable to secure enough material to keep production going, everyone is asking if there is any relief on the horizon.
Will Saudi Methacrylates (SAMAC) - the joint venture between Mitsubishi Rayon (MRC) and SABIC - be the release the market has been looking for? Their 250,000 tonne/year Alpha 2 plant in Saudi Arabia is scheduled to start in June this year.
This ICIS Market Insight and infographic examines the key events that led to the global shortage of product, the drivers for the year to come and, most importantly, evaluates whether there will be any easing to the supply constraints in 2017.
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Video: Europe Special Report: the impact of global MMA tightness
Katherine Sale, Senior Editor Manager at ICIS, discusses the ongoing tightness in the global MMA market. Listen to the interview by Markets Editor Vasiliki Parapouli, to see if there is any relief on the horizon for global players.