Roehm increases MMA prices in October, citing soaring gas and ammonia prices, according to a press release.
Roehm said it will increase prices of methyl methacrylate (MMA) by €130/mt with immediate effect.
MMA prices during the past year have been increasing on the back of rising costs and supply issues.
While downstream PMMA prices have followed a similar trend, the upward momentum has abated in October.
The PMMA market is now balanced with worries of slowdowns in demand in some market segments.
Demand from the automotive industry has slowed down due to the shortage of semiconductors. And the visual communications sector has still not picked up since the outbreak of the pandemic.
With MMA prices increasing and PMMA prices likely to rollover, some market participants will probably face a squeeze on margins in Q4.
And should the weakness of PMMA demand continue in Q1 amid raising energy prices, the situation could start to become critical for some players.