Trinseo hikes MMA prices by €300/mt from July, according to a recent company note.
This note follows the company’s previous announcement in June, of €200/mt increase on methyl methacrylate (MMA).
The company did not give a reason for the price increase. But current market conditions for MMA supply have deteriorated.
Trinseo hikes MMA prices against a backdrop of tightening supply, sparked by Roehm declaring force majeure (FM) earlier in June.
With MMA supply tightening in Europe, spot MMA prices reached above €400/mt.
Moreover, the supply shortages and price increases of MMA are pushing up polymethyl methacrylate (PMMA) prices.
At the same time, demand in downstream markets remains buoyant in most market segments, such as automotive and construction.
While raw material shortages are slowing some production downstream, a backlog of orders is for now sustaining demand.