Which Chinese importer of MMA is strong in 2019?

The full name of MMA is methyl methacrylate, which is an important basic chemical raw material. The downstream products are mainly used for PMMA, acrylic sheet and other products, and can also produce pure acrylic emulsion, MBS, BMA and other products. China imports more than 200,000 tons of MMA products from abroad every year, and this situation is showing an increasing trend year by year. According to customs data, China imported 215,600 tons of MMA in 2019, a year-on-year increase of 31%.

Due to the growth of China's demand for MMA products, importing companies continue to increase. According to customs data, in 2019, there were more than 100 companies in China that handled MMA imports, of which the scale was several thousand tons. Only five companies imported more than 10,000 tons.

The MMA companies that imported more than 10,000 tons in 2019 are: Zhangjiagang Vuba Storage Co., Ltd., Mitsubishi Chemical Polymer Materials Co., Ltd., Jiangyin Huaxi Terminal Co., Ltd., and Zhenjiang Chimei Chemical Co., Ltd. Among them, Zhangjiagang Vopal Warehousing Co., Ltd. imported more than 40,000 tons of MMA products in 2019, and is the largest enterprise in China that handles MMA imports. Vopak Group is China's largest liquid chemical storage terminal company. They will realize profitable behaviors of storage and trade through imports.

Due to the different quality of MMA imported by China and the different nature of the importing companies, the price of imported MMA varies greatly. However, according to the average price of imported products, it is generally US$1100/ton to US$1800/ton, and individual imported resources with low prices can reach more than US$900/ton. According to the weighted statistics of the import scale, the average price of imported MMA in 2019 is about US$1,700/ton.