Home Latest News & Insights PMMA

PMMA

ROEHM DECREASES MMA PRICES
pmma

Roehm decreases MMA prices from the first of December “in order to support European customers”.

The decrease of €175/mt comes amid slowing demand and competitive imports across the value chain in Europe.

Methyl methacrylate (MMA) spot prices posted decreases in recent months, with imports offered below €2000/mt, according to the latest data from GC Intelligence.

The rise in energy prices in Europe pushed up prices and decreased competitiveness against imports.

The lower demand in Asia driven by the slowdown in China fuelled cheap imports, not only for raw materials but also for finished goods.

However, Roehm decreases MMA prices also likely helped by the recent retreat in gas prices.

The gas futures price peaked in the summer above €300/MWh and decreased around €100/MWh in October.

Nonetheless, gas prices found renewed support in November, climbing to €130/mt, and raising the risk of another spike during the peak demand period of the winter.

Methyl methacrylate (MMA) finds its uses in the paints and coatings industry, but mainly as a raw material for polymethyl methacrylate (PMMA).

Roehm, based in Germany, is a major producer of both MMA and PMMA.

PMMA PRICES SUFFERED BIG DECREASES

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.

ROEHM STARTS BUILDING NEW MMA PLANT
plant building

Roehm starts building new MMA plant in Bay City, Texas, USA. The completion date is estimated for early 2024.

The project sees Roehm building a plant with capacity to produce 250,000 metric tons per year of methyl methacrylate (MMA).

The company, which is owned by Advent International since 2019, noted that the plant will employ its proprietary production technology called LiMA.

And this project sees for the first time a world-scale plant employ the LiMA (Leading in Methacrylates) MMA production technology.

Dr. Michael Pack, CEO of Röhm said “today is a historic moment for Röhm. The new plant will be the first to employ our unique LiMA technology on a large industrial scale. The project is an important signal to our customers, worldwide”.

The main raw materials used by this production process are ethylene, synthesis gas, and methanol.

Some of MMA’s applications include the production of polymethyl methacrylate (PMMA) used to produce clear sheets. And it also finds its uses in the coatings and paints industry.

ROEHM EXTENDS SHUTDOWN IN WORMS
acrylic sheet

Roehm extends shutdown in Worms, Germany, “of several methacrylate monomer production units”, the company said in a press release.

The company blamed low demand in Europe for the extension of the shutdown into November.

The company had apparently shut down production in Worms during October because of maintenance.

Roehm is a major producer of Menthyl Methacrylate (MMA), with two production sites in Germany, in Worms and Wesseling.

MMA is a raw material to produce PMMA and cast sheets. The monomer also finds its uses in the production of paints and coatings.

PMMA PRICES SUFFER DECREASES
pmma sheets

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.

Newer Posts