London (GC Intelligence) – 11/12/18 – Polymethyl Methacrylate (PMMA) prices are likely to decrease in Q1. While negotiations for quarterly contracts have not started, market dynamics suggest a probable reduction in prices. PMMA prices in Europe have not posted significant decreases for almost two years. The ongoing market tightness and strong demand during this period resulted in a prolonged steep climb in prices. However, the market found some stability in the first and second quarter of 2018, but up until recently prices have remained relatively unchanged and at high levels. As market conditions during the past few months have changed, namely demand is abating, and costs are falling, it is likely that Q1 price negotiations will result in a relative significant decrease. The GC Intelligence forecast is of a drop of €100 per metric ton from Q4 to Q1 for extrusion grade PMMA. While this change is a long way off from bringing levels down to where they were two years ago, it may nevertheless be the start of a possible downward trend.
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