Recently, the overall domestic methyl methacrylate market has continued to weaken, and downstream end-users mostly maintain just purchase operations. Due to the recent domestic methyl methacrylate overall market price continues to be low, hovering near the cost line of major domestic methyl methacrylate producers. Under the cost pressure, they maintained the trend of finishing operations, and it was difficult to find low-cost sources of goods in the market. Methyl methacrylate in East China was RMB10,700-10,800/ton. The mainstream trade of methyl methacrylate in South China was close to RMB11,100-11,300/mt.

Recently it is the middle and late August, close to the traditional sales season of domestic methyl methacrylate, domestic methyl methacrylate downstream overall investment atmosphere overall market continues to only need to buy, do not rule out that in late August and early September, the domestic methyl methacrylate downstream terminal purchase demand table will have some improvement, the market purchase atmosphere may gradually improve.

Some equipment maintenance or restart, the market inventory is quite a lot

On the supply side, the C4 process has been losing money continuously since this year, C4 the method of equipment start-up load is low, especially in August after the Huizhou Mitsubishi and Roma Chemical parking maintenance, start-up load as low as 5%. However, acetone cyanohydrin technology still dominates, mainly concentrated in eastern China. However, it is also limited by the start-up load of acrylonitrile. The start-up rate of acetone cyanohydrin method is 64%. in August, although a set of equipment of Searborn has stopped maintenance, with the increase of load after the maintenance of the first line of ZPMC II and the stable start-up of a line of Jiankun equipment, the overall supply in East China is obviously loose, and part of it flows into Shandong market, which has some impact on Shandong spot sales. At present, the price difference between regions is very small.

Downstream high temperature off-season, or improve in the second half of the year

Due to the economic environment’s lack of confidence in market consumption and the high temperature off-season in August, there was little improvement in demand from domestic terminal industries. However, it is worth mentioning that MMA increased the proportion of MMA purchases by downstream pouring board users to play a certain supportive role in the market. Usually, most pouring board users will purchase both MMA and recycled material together with production, usually the price of recycled material is significantly lower than MMA, but the current small between MMA monomer and recycled material. ACR due to the current poor profit, the industry’s purchase of raw materials to maintain just demand; emulsion resin industry due to other raw material products continue to unilateral downward, buyers are cautious to buy.

On the export side, although domestic prices fell lower, the price difference between inside and outside narrowed. In addition, domestic exports were in India and Southeast Asia due to local weather and economic concerns in the global region.

In mid to late August, the high temperature situation in some regions in the previous period may gradually ease. Some time ago, due to the high temperature, the downstream end-producers of methyl methacrylate themselves may gradually return to normal operation of normal operation. Therefore, the domestic demand level may have a certain trend of boosting.

Temporary support from cost

C4 sustained losses inhibit the motivation of enterprises to start up without specific analysis. At present, the profit of acetone cyanohydrin method for acetone cyanohydrin method. The reference theoretical profit of acetone cyanohydrin method enterprises is 2,440 yuan / ton, but considering the different cost accounting of integrated supporting equipment and independent equipment, such as the related product acrylonitrile is less profitable, the profit of its accounting industry chain is correct MMA equipment start-up also has a different degree of impact, such as the high cost of methanol ammonia oxidation method of producing hydrocyanic acid.

However, with the excess capacity of domestic methyl methacrylate, the supply of producers in the major domestic methyl methacrylate market areas is relatively stable, providing effective conditions for downstream end users in the overall domestic methyl methacrylate market. The overall domestic sales of methyl methacrylate are mainly contractual and the overall retail market. Due to the abundant supply levels, downstream end-users mainly consume their own contracts, with real single retail warehouses maintaining their own orders for purchase only.

It is expected that the overall market demand level of domestic methyl methacrylate may gradually increase from the end of August to September, and the actual order demand level of downstream terminals may increase from July to early August, and the actual order purchase of the market will maintain its own rigid demand purchase operation. Short term trading is recommended, waiting for clear information guidance.

Chemwin is a chemical raw material trading company in China, located in Shanghai Pudong New Area, with a network of ports, terminals, airports and railroad transportation, and with chemical and hazardous chemical warehouses in Shanghai, Guangzhou, Jiangyin, Dalian and Ningbo Zhoushan, China, storing more than 50,000 tons of chemical raw materials all year round, with sufficient supply, welcome to purchase and inquire. chemwin email: service@skychemwin.com whatsapp: 19117288062 Tel: +86 4008620777 +86 19117288062