PMMA prices suffered big decreases in November after worsening market conditions allowed buyers to negotiate corrections.
According to GC Intelligence market assessments, the decreases exceeded €100/mt on many accounts.
The bigger decreases were mainly for imported material.
Domestic producers continue to suffer under the weight of high energy costs and were for the most part unable to negotiate much lower numbers.
A major driver weakening prices is low demand due to high energy bills reducing consumption.
Moreover, buyers suffering low profitability are likely heavily destocking which deepens the slowdown in demand.
Another major reason why polymethyl methacrylate (PMMA) prices suffered big decreases is the intense competition from imports.
Suppliers from other regions are also battling low demand. But they can compete in Europe due to a better cost position.