PMMA prices suffer decreases in October versus September, according to GC Intelligence price assessments.
The slowdown in demand countered the upside from the recent rise in energy costs. Suppliers have been seeking and largely failing to implement energy surcharges for the past few months.
The October polymethyl methacrylate (PMMA) market report shows decreases on both extrusion and injeciton moulding grades.
As gas prices plummeted in September and October from the peaks reached in August, of around €350/MWh, buyers succeeded in negotiating lower prices.
Furthermore, the slowdown in China recently placed pressure on the monomer methyl methacrylate (MMA) prices. Spot prices reached below €2000/mt in October.
A combination of lower costs and low overall demand, plus competition from imports across the value chain, helped to push down PMMA prices.
The outlook remains weak as persistent inflationary pressures threaten to ignite a global recession.