The domestic methyl methacrylate market as a whole has experienced a downward trend of finishing since July, and the recent market has gradually stopped and stabilized, the overall market operation has maintained a finishing operation, low-end offers are gradually heard less and less, and the overall market negotiation hovers at 10900-111200 yuan/ton.
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In August, domestic producers maintained a low load on plant operation

In August, the overall plant operating load of domestic methyl methacrylate producers remained low.

Mitsubishi Chemical Materials (Shanghai) Co., Ltd. 180,000 tons / year MMA plant is limited by the supply of raw materials, the operating load dropped to 70%, the current plant inventory is tight, only a small amount for core customers.

Mitsubishi Chemical Huizhou 90,000 tons / year methyl methacrylate plant is scheduled to stop for maintenance for fifty days during August to September.

Jilin Petrochemical 200,000 tons / year methyl methacrylate plant routine maintenance rotation, is expected to reduce the market supply in about 5,000 tons.

Zhejiang Petrochemical 180,000 tons/year methyl methacrylate plant currently maintains an overall operating load of around 50%.

Jiangsu Searborn 170,000 tons/year methyl methacrylate plant currently maintains a low load running trend, and there is news that part of the production line of the enterprise will be stopped for maintenance in August.

Qixiang Tengda’s 200,000 tons/year methyl methacrylate plant is also in the state of stopping for maintenance.

Heilongjiang Longxin 75,000 tons/year methyl methacrylate plant was stopped for maintenance from the end of June to the beginning of July and is expected to resume operation gradually near the beginning of August.

Some of the new domestic methyl methacrylate plants maintain a normal low operating load. Therefore, in August, the overall domestic methyl methacrylate producers’ actual starting load rate is maintained at a low level, and the actual production load is low, the overall market spot inventory is maintained at a reasonable level for a short period of time, and the shipping pressure is limited.

Recent overall domestic market production costs remain high

Recent domestic methyl methacrylate raw materials overall production costs are maintained at a high level of operation, to acetone hydrogen alcohol production process, for example, the current raw material acetone hydrogen alcohol overall market reference price in the vicinity of 9500-10500 yuan / ton, the market price to maintain a high level of operation, the market overall low-priced sources are difficult to find. However, the recent domestic methyl methacrylate market price is maintained at 10,900-1,200 yuan / ton, so the overall domestic methyl methacrylate market is hovering near the cost line, and even some producers are on the verge of serious losses. Then as far as the carbon IV process methyl methacrylate producers are concerned, the current domestic methyl methacrylate market price has long been in a serious loss-making state.

The mainstream price in the domestic market is close to the price of cracked material products

At present, the domestic methyl methacrylate market as a whole is hovering at RMB10,900-1,200/ton, and the current market price range has gradually approximated the recent domestic cracking material methyl methacrylate market price. Therefore, in recent time, some downstream domestic methyl methacrylate, especially PMMA sheet and other downstream producers, began to reduce the purchase of cracked material and gradually release the purchase of new material methyl methacrylate. The domestic methyl methacrylate new material market just demand buying atmosphere has improved to some extent.

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