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Polymethyl Methacrylate (PMMA) Market Prices, Forecasts, and Analysis


March 2024

European polymethyl methacrylate (PMMA) prices in March see ongoing market turbulence, with MMA experiencing a notable crunch. Amidst supply shortages, prices continue to surge across various sectors, notably in the extrusion market.

The volatile price landscape is further exacerbated by delays and limited volumes from Asia, but also from Saudi Arabia. This scenario underscores a complex market dynamic, influenced by supply constraints despite a weak demand backdrop.

Supply remains tight for many buyers, particularly for MMA, due to production issues in Saudi Arabia. These glitches slow imports from the region, forcing buyers to lean more heavily on Asian imports, where delays are common.

Booking a shipment today means arrival end of May or June, exacerbated by the Suez Canal issues that diverts shipments to go around Africa. Consequently, MMA availability in Europe is low, driving spot offers for segments like paints and coatings to around €3000/MT.

Supply shortages shape the market in March and push prices higher.

Traders note availability for MMA from China is also low. Despite current tightness, improvements are anticipated by June as volumes reach Europe.

Meanwhile on PMMA trade, January number indicate that imports increased, as shown in Exhibit 2. However, developments in February and March suggest a forthcoming decline in these numbers.

Meanwhile, an increase in exports aids Europe. Overall, throughout the value chain, MMA supply remains critically short, and to a lesser extent, PMMA. Nevertheless, the competitive landscape for sheets endures and prevents prices from rising in line with costs.

ABS · PS · SAN · PA6/PA66 · PC · PMMA · POM · PBT· PP


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