PODCAST: Europe MMA stirs as low gas prices reawaken petrochemicals

Will Beacham

24-Jan-2023

BARCELONA (ICIS)–Europe methyl methacrylate (MMA) production is on the cusp of restarting as lower gas prices breathe life back into region’s petrochemical sector.

  • Roehm and Trinseo slowly increasing MMA run rates, but not to full capacity
  • Europe MMA costs hurt by high propylene, acetone feedstock prices
  • Flood of cheap imports from Asia undermines Europe production
  • Freight rates have normalised, product can flow freely from Asia
  • Netbacks from Asia to Europe have collapsed to long-term average
  • UK Mitsubishi MMA plant may shut down permanently
  • Mixed picture on MMA demand in Europe
  • Concerns over long term viability of Europe MMA production
  • 20m tonnes/year of excess polyethylene (PE) capacity globally
  • Several new cracker projects underway despite overcapacity

In this Think Tank podcast, Will Beacham interviews ICIS markets editor for MMA Mathew Jolin-Beech, Insight Editor Nigel Davis, and ICIS Senior Consultant Asia John Richardson.

Click here to listen to the podcast

Editor’s note: This podcast is an opinion piece. The views expressed are those of the presenter and interviewees, and do not necessarily represent those of ICIS.

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