Big price increases have become a feature of the polymer industry, with no exception for PMMA.
PMMA prices could jump €300/mt in Europe from Q1 to Q2, according to GC Intelligence market analysis.
After the sharp increase in costs, namely methyl methacrylate (MMA) prices, producers are under pressure to maintain margins.
While supply shortage of polymethyl methacrylate (PMMA) is not as dramatic as other polymers, the market is tight enough. This should support the high price increases.
Moreover, PMMA prices could jump also because demand from many market segments remains healthy, particularly from the construction sector which is at the start of a seasonal uptick.
It seems that PMMA has not escaped the market turmoil that is gripping the polymer industry. There are persistent disruptions across the value chain, from propylene to transport, causing delays and high costs.
And as the pandemic continues across Europe, with infections rising and threatening more lockdowns, the status quo will most likely persist throughout 1H 2021.