A strong Asian market and a seasonal slowdown in Europe likely contributed to the decrease in imports.
PMMA imports in August decreased in Europe as volumes were lower compared to July, according to data from Eurostat.
This is likely to do with a buoyant Asian market and seasonal slowdown in Europe.
As Asia has continued to rally compared to Europe, polymethyl methacrylate (PMMA) imports have decreased.
During the past few years, Asian sellers have been competitive in Europe.
But lately, the difference in economic activity between the two continents has created a gap in prices. Imports, to some extent, have slowed down to reflect this.
The data for the rest of 2020 should continue to show an ease in imports as nothing much has changed since the summer.
However, the decreases are not substantial as Europe remains an attractive region for Asian sellers.
A slowdown in demand for protective sheets was probably also responsible for this decline in imports.
While volumes were lower than in July, they were higher than at the height of the pandemic, in April and May.
South Korea remains by far the largest trading partner of PMMA in Europe.
