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 Q2 2021
Spot supply was tight amid global outages following the US winter storm. Asia’s Sumitomo Chemical Asia, Thai MMA, Mitsubishi Chemical Methacrylates Singapore and Saudi Arabia’s Petro Rabigh had planned maintenances while PTT Asahi Chemical had an unplanned outage. In China, turnarounds and exports also helped to reduce inventory level. A major supplier continued to divert Asian and Middle East cargoes to the US or Europe to support their global operations.
Demand slowed down due to resurgences of coronavirus and increased restrictions in several markets. India, which is a key spot market in Asia, had reduced imports. Force majeures and outages in US and Europe meant those regions continued to have demand for Middle East and Asian cargoes. Transparent plastics downstream initially saw healthy demand but also slowed towards later in Q2 as the sectors entered off-peak season.
Dow’s force majeure that was declared in February remains in force. On top of this, Roehm declared force majeure on MMA following technical issues at its Worms site. Imports into Europe have remained limited as the US has been a big draw for material from Asia.
MMA demand remained consistently strong in Q2. Automotive demand saw a slight dip due to the semiconductor shortage, although it began to recover towards the end of the quarter. However, this slight weakening in demand was offset by the increase in demand from the coatings and DIY sector, which saw a pick-up as the weather improved. ”
Supply improved but remained snug as securing product was still a challenge for some. While contract volumes were fulfilled from some corners, bare minimum volumes flowed from others. Spot product was challenging to find. MCM lifted force majeure and sales control, but Roehm experienced an outage due to technical issues at a feedstock supplier. Some buyers remained interested in imports and bought forward through Q3 due to domestic supply constraints.
Demand in most segments was strong, but residual raw material tightness stressed the supply chain and disrupted some consumption. Demand into architectural coatings, bath/spa and medical sectors was doing well as the economy rebounded. Demand into acrylic sheets came off last year’s highs and was saturated. Players continued to struggle with tight logistics capacity with a shortage of domestic truck drivers, along with limited containers and vessels overseas.
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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