Since August, methyl methacrylate market changed before the big fall, become tepid, Shandong market price hovering in 19,500 ~1.98 million (ton price, the same below). Industry insiders believe that, in the short term, the MMA market many empty interwoven, difficult to have a bright spot performance.
But this deadlock will be gradually broken with the arrival of ' golden nine ', or deduce a wave of rising prices.
The demand is getting into the high season According to Gepsolar Chemical Trade Co., Ltd. General manager Wang Chunming introduced, August is the lower season of traditional sales, MMA demand surface is suppressed. Recently, acrylic casting board and paint emulsion and other industries on the procurement of raw materials only to maintain just need.
However, in the September, the downstream terminal industry will enter the sales season, the procurement of raw materials will be significantly increased. ' Double 11 ' and other retail industry consumption peak season, coupled with increased demand for Christmas foreign trade, the terminal retail industry is expected to increase the volume of orders. ' Jilin Bao Yuan Chemical Trade Co., Ltd. manager Zhangxuyue said, late-stage MMA downstream terminals such as home improvement materials, electronic products, cosmetics, paints, packaging materials, such as consumption will be a significant boost, thereby promoting PMMA particles, acrylic sheet, ACR additives, resin emulsion and many other downstream industries orders increased, production load significantly improve
, the procurement of raw materials will also increase. ' At present, most of the MMA downstream users of raw materials inventory is low. The middleman sees empty afternoon, how low price let sell, the overall stock quantity is not high. With the ' Golden Nine ' arrival, the domestic procurement atmosphere will be significantly improved, delivery volume of the hair-trigger, MMA market is expected to get out of the deadlock, concussion upward.
' said Wang Chunming.
External market boosted From the domestic supply point of view, Heilongjiang Chenlong 50,000 tons/year device, Huayi Jade Emperor 50,000 tons/year device and Jiangsu State Petrochemical 85,000 tons/year device will be restarted in late August or early September. ' These devices start to put pressure on the market.
' said Wang Chunming. However, Wang Chunming pointed out that the recent low exchange rate of the renminbi, import costs increased, the import supply has reduced expectations.
With the Import Arbitrage window closed, domestic large downstream users to abandon sourcing foreign sources, to domestic products, will bring support to the domestic market. Northeast Asia MMA device centralized overhaul, supply more and more tense, will also bring some positive for the domestic market. In addition, the United States Lucite device will be shut down in September for 35 days, the Dow plant will be shut down in October 21 days, the United States to win the device will be in November for 28 days of downtime. ' At present, Japan, Korea, India and other regions of the MMA device centralized parking overhaul, coupled with the shutdown of U.S. enterprises, the global overall start load to maintain a low level. Driven by this, the current foreign MMA spot price has reached more than 4,100 U.S. dollars. Therefore, China's MMA export or will start again, the domestic production and marketing pressure will be released, the price center of gravity is expected to increase significantly.
' said Zhangxuyue.
Cost expectations strengthened Zhangxuyue introduced that August raw materials acrylonitrile, acetone weak operation of the MMA cost support is not strong.
But into the September, the raw material market will be good, driving the MMA market higher.
Wang Chunming said that the acetone production enterprise overhaul will relay, supply face tight plus consumption season, will increase the market more than kinetic energy; with ABS and other downstream ' golden nine ' sales season, acrylonitrile market prices also keep up expectations, with the MMA market formation linkage pattern. MMA wait for September to bloom