GC Intelligence (London) – European MMA prices surge. MMA prices in Europe have seen a significant spike, jumping from €1500/MT in December to current offers around €2000/MT.
Despite this increase, there’s skepticism over these numbers being accepted. This is due to low demand and reluctance from buyers facing downstream price drops in products like cast sheets.
A more realistic figure now hovers between €1800-1900/MT. This surge is attributed to higher prices in China and delayed deliveries from Asia and the Middle East, leading to stock drawdowns in Europe and rising transport costs.
However, demand remains low, and the expected arrival of cargoes in March might reverse the current price spikes. The methyl methacrylate (MMA) market in Europe is therefore facing a volatile start to the year.