Europe PMMA supply tight amid constraints and strong demand

18 August 2017 10:29 Source:ICIS News

LONDON (ICIS)--Supply in the  European polymethyl methacrylate (PMMA) market remains tight, with demand higher than expected for the time of year, sources said on Friday.

There has been no relief to the shortage in supply, despite August traditionally being a lower demand month.

Some players placed orders before stepping away for holidays, and because of this the levels this month have been not dissimilar to a standard month.

Underlying demand from the automotive and construction sectors continues to be at a reasonable level.

The shortage in supply has resulted in a backlog in orders and this is also adding to the already decent demand levels.

Imports in June fell, with imports being down for the majority of 2017, adding to the regional supply shortage.

For the third quarter, standard-grade PMMA into the extruded sheet sector is priced at €2.55-2.75/kg FD (free delivered) NWE (northwest Europe), an increase of €0.30/kg.

By Katherine Sale