US methyl methacrylate (MMA) prices are expected to face upward pressure in the first quarter of 2017 due to rising feedstock costs and tightening supply. Supply will be constrained due to ongoing sales controls and production issues, along with upcoming turnarounds. Demand is expected to remain slow in the paints and coatings sector, but there will be some demand from non-cyclical sectors such as polymethyl methacrylate (PMMA) and adhesives.
In Europe, contract negotiations for January and the first quarter are ongoing and thus far producers have been heard targeting for increases of €100-200/tonne for both. Negotiations have been difficult in some cases, with expectations from buyers ranging from increases in the mid-double digits up to triple digits for both. Tight supply continues to be the driver of the upward price pressure, given a lack of imports amid robust overall demand – especially from high downstream plastics consumption.
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Post time: May-11-2017