The Methyl methacrylate (MMA) market is covered by our network of ICIS reporters based locally in Asia, Europe and the US on a weekly basis. Our universally trusted, unbiased price assessments cover spot in Asia, contract and spot in Europe and contract in the US.
Market commentary includes regional updates, upstream news, graphs, economic impacts and outlooks where applicable. This reliable news and analysis will help give you the tools needed to make informed business decisions.
Updated to Q1 2020
Supply was ample, with plant outages in Asia countered by weak demand. Taiwan’s Formosa Plastic Corp conducted a one-month turnaround from February, PetroRabigh started its turnaround in end February for around 45-60 days, and Lucite International in Singapore shut for around a month from end- February/early March. Asahi Kasei Group experienced some issues at its Thailand and Japan production sites. China’s overall run rates dropped after the Lunar New Year holiday amid the coronavirus outbreak.
Some buyers carried over their contract volumes from 2019 and did not need to buy spot cargoes. Buyers largely took a wait-and-see approach. Demand in Asia plunged with several markets under lockdowns by March as the coronavirus outbreak turned into a global pandemic. While China saw some early, gradual recovery, end-user demand remained globally hit by the coronavirus outbreak.
Supply remained long throughout Q1 and continued to weigh on pricing. Operating rates were lower in the region, with producers cutting rates for commercial reasons.
Demand in Q1 was higher than in the previous quarter, linked to restocking and the start of the coatings season. Coatings demand picked up in March, because of warmer weather, but also some inventory building linked to the coronavirus outbreak.
Supply of methyl methacrylate (MMA) in the first quarter of 2020 was steady as plants had healthy operating rates and no production issues were reported. Supply was long at the end of 2019 as demand for MMA was persistently weak and a poor economic outlook persisted through the year.
Demand for MMA in the first quarter of 2020 increased as buyers began to stockpile material and the coronavirus caused a surge in downstream polymethyl methacrylate (PMMA) demand as it is being used to help prevent the spread of the virus.
We offer the following regional Methyl methacrylate analysis and news coverage to keep you informed of factors and developments affecting prices in the Methyl methacrylate marketplace.
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Methyl Methacrylate (MMA) is polymerised to form PMMA (also known as plexiglass), lubricant viscosity modifiers, emulsions, dispersions and coatings.
Methyl methacrylate (MMA) is a colourless, volatile, flammable liquid with an ester-like odour. It is slightly soluble in water but soluble in most organic solvents. It is readily polymerised by light, heat, ionising radiation and catalysts. Commercial products may contain hydroquinone methyl ether or similar polymerisation inhibitors.
Nearly all MMA is polymerised to make homopolymers and copolymers, the largest application being the casting, moulding or extrusion of polymethyl methacrylate (PMMA) or modified polymers.
A major application of MMA polymers and copolymers is in surface coatings and impregnation resins to give colour fastness and weather-resistance properties to latex paints, lacquer resins and stoving enamels. For example, exterior latex paint is based on emulsions containing MMA while other uses include industrial finishes, and metal and foil coatings.
Safeguard your future with the opportunity to discuss your expectations and learn from industry experts at The ICIS 2020 World Phenol-Acetone Conference, a biennial event in the calendar of professionals across the globe. You can get face-to-face time with existing suppliers or explore new business opportunities to initiate future connections.
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