Recently, domestic MMA prices have shown an upward trend. After the holiday, the overall price of domestic methyl methacrylate kept rising gradually. At the beginning of the Spring Festival, the actual low-end quotation of the domestic methyl methacrylate market gradually disappeared, and the overall quotation focus of the domestic methyl methacrylate market increased accordingly. At present, the mainstream quoted price of methyl methacrylate in the overall market of East China hovers around 10400 yuan/ton, while the mainstream quoted price of methyl methacrylate in the overall market of South China hovers around 11000 yuan/ton. Moreover, the domestic methyl methacrylate market continues to rise.
1.MMA’s starting load is low, and social inventory decreases
During the Spring Festival, the overall starting load of domestic methyl methacrylate production enterprises was mostly in shutdown or low load operation. Therefore, after the Spring Festival, the overall social inventory of methyl methacrylate in the domestic market remained at a normal level, and there was no serious inventory backlog, so it was urgent to ship. After the Spring Festival holiday, the overall shipment pressure of domestic methyl methacrylate manufacturers is low. Therefore, the mainstream quotations of domestic methyl methacrylate manufacturers have mostly maintained a high level of rising trend, and the low price supply in the early stage has gradually disappeared.
2.MMA downstream terminals just need to be purchased, and the demand for real orders is gradually boosted
Since the Spring Festival holiday, domestic downstream terminal manufacturers of methyl methacrylate have resumed driving operation in succession, and most of the downstream terminal manufacturers have just started operation. With the entry of the end of January and the beginning of February, domestic downstream terminal manufacturers of methyl methacrylate gradually increased the starting load rate, and the actual order inquiry and procurement level of the market gradually returned to normal operation. In addition, before the Spring Festival holiday, due to the influence of the Spring Festival holiday and other factors, domestic downstream terminal manufacturers of methyl methacrylate failed to fully stock up. Therefore, after the Spring Festival holiday, domestic downstream terminal manufacturers of methyl methacrylate mostly maintain active inquiry and procurement strategies.
3.MMA raw material prices rose and costs remained high
Recently, the domestic upstream raw material market of methyl methacrylate also showed a trend of consolidation and increase, especially the market price of the main raw material of methyl methacrylate showed a trend of high rise, and the overall low price supply of the market was difficult to find. In the context of the continuous rise of raw materials and products, the cost of raw materials in the overall domestic market of methyl methacrylate in Yecheng County is on the rise. In the context of rising costs, based on cost factors, the overall domestic market of methyl methacrylate has also increased its product quotation.
To sum up, due to the stable social inventory of the domestic methyl methacrylate market in the near future, the pressure of major manufacturers on shipping is not large, and the demand atmosphere of the downstream terminal manufacturers in the methyl methacrylate market has been boosted. The rising price of the domestic methyl methacrylate upstream raw material market has led to the high overall market cost of the domestic methyl methacrylate market, making the domestic methyl methacrylate market present a high rising trend in the near future. It is suggested that short-term transactions require clear information guidance.