Lucite International to limit impact of MMA FM on PMMA customers

06 May 2014 13:01 Source:ICIS News

LONDON (ICIS)--European polymethyl methacrylate (PMMA) producer Lucite International intends to limit the impact of the force majeure in place on feedstock methyl methacrylate (MMA) supplies on its PMMA customers, and has had to impose strict PMMA sales controls, a source from the company said on Tuesday.

“Our intention is to limit the impact of the force majeure on our PMMA customers,” the source said.

The producer said it was not able to sell any spot PMMA volumes, nor fulfil any orders above forecast.

“We've had to impose very strict sales controls,” it added. “We are not going on an allocation basis. We are managing sales and we are utilising stocks and the resources we have to absorb as much of the impact ourselves.”

The company declared force majeure on MMA at its 200,000 tonne/year Cassel, UK site, on 24 April. Its MMA customers are on allocation.

One PMMA buyer said the supply restrictions had so far not had any impact on the market.

“Maybe it will have an effect in one month, or so,” it added, saying that it still sees more material on the market than is needed to meet demand.

PMMA is an acrylic polymer that has high ultraviolet (UV) resistance and is available as resin or cast/extruded sheet. It is used in car headlamps and tail lights, as well as in construction and glazing/signage. Other uses include household appliances, optical media, electronics, and cosmetics packaging.

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By Helena Strathearn