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 2020
Supply was initially ample despite production cuts and turnarounds, on weak demand following the coronavirus outbreak. However, increased demand for acrylic sheets for export to the US and Europe to fight against the coronavirus transmission boosted consumption. With China’s domestic market and feedstock acetone’s price surge, buyers began to increase their contract-volume offtake amid rising spot offers. As some suppliers maintained reduced run rates, supply turned balanced to snug by the end of Q2.
Demand for MMA increased on good demand for protective acrylic sheets. Downstream cast and extruded acrylic sheets, and PMMA producers saw firm orders from the West, while demand also increased in southeast Asia, as the economies restarted. However, this application alone was unable to lift the overall demand, as major downstream construction, consumer and automotive industries remained weak, impacted by the coronavirus pandemic.
Supply was loose throughout the quarter. Producers managed levels by reducing operating rates, to meet the lower level of demand.
Demand was reduced throughout the quarter, linked to the lower activity because of coronavirus lockdowns. The only sector to buck the trend was the polymer transparent sheet market, used as protective barriers to prevent the spread of the virus. Sheet demand hit historic highs in the quarter, with acrylic sheet the leading polymer in this sector.
US MMA saw length in supply, with plenty of material available. A producer was running their plant at a reduced operating rate of 70% due to weaker demand. Meanwhile, another supplier that typically does not offer much product at this time of year was heard to be offering some. Imports into the US were limited as the economics were unattractive.
Demand fell as auto production and non-essential construction shut down during April and May due to the pandemic. The DIY segment somewhat boosted demand into coatings. Demand into downstream PMMA for acrylic sheets surged, with some companies sold out of sheets for several months. June did see economic activity resume as restrictions were lifted, with production in the auto and construction sectors slowly ramping back up.
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.
As a global event, a worldwide perspective is reflected throughout agenda topics, speakers and attendees. With content covering regional trends and their impact globally, you can expect to gain insight on a variety of relevant topics