Home Latest News & Insights PMMA SHORTAGES DRIVE UP EUROPEAN PRICES

PMMA SHORTAGES DRIVE UP EUROPEAN PRICES

February 1, 2024
inflation abstract

PMMA shortages drive up prices. The PMMA (Polymethyl Methacrylate) market in Europe is grappling with a scarcity of supply, leading to a considerable surge in prices.

The shortages arise not so much from an increse in demand downstream but due to several supply-side developments.

Europe has witnessed a decline in operating rates due to reduced demand for PMMA products for months.

In recent weeks, disruptions in the Middle East have caused delays in shipments, significantly increasing transportation costs by at least €200 per metric ton.

The situation has been further complicated by production issues in Saudi Arabia, intensifying the supply shortage.

Additionally, availability of PMMA in Asia, notably South Korea, has diminished due to increased demand.

In summary, a combination of factors, including lowered operating rates in Europe, Middle East shipping complications, production challenges in Saudi Arabia. With heightened demand in Asia, this has precipitated a supply crisis in the PMMA market in Europe.

Consequently, panic is spreading among buyers. As such PMMA prices in Europe are poised to witness a substantial rise.