In February, PMMA prices in Europe had a mixed performance, but nonetheless showing more decreases than increases. The high impact and injection moulding sectors were hit hardest, while extrusion prices remained stable due to imports and values near the bottom.
Lower gas prices and soft demand contributed to the overall downward pressure on prices. And although import prices for MMA and PMMA slightly improved, it wasn’t significant enough to be considered as the start a rebound, given the weak Asian and European markets.
The outlook for remains negative, with forecasts predicting continued decreases for most of the year.
A mixed February saw more decreases but stability for extrusion price..
Short-term pressure will persist due to a reduction in gas prices and persistent low activity, but seasonal trends should boost some demand in the spring.
While markets will remain weak for the year, signs of improvement have emerged. This should ease any potential downside.
The market update is an exerpt fromt the monthly report.
The GC Intelligence™ Polymethyl Methacrylate (PMMA) Market Prices, Forecasts, and Analysis report is published during the third week of the month. The report provides market insights and analysis and tracks High Impact, Injection Moulding, and Extrusion PMMA prices.
- High Impact
- Injection Moulding