October 2021 MMA and related product trend comparison

China MMA price action

In October, the domestic MMA market was first raised and then suppressed. After the festival, the factory quotation was raised, and the trade market went up accordingly. Shandong market took the lead in broad pull up, and East China and South China slowly followed up. By the end of October, the secondary market in East China referred to 13500-13700 CNY/ton, compared with the end of September, down by 400 CNY/ton.

Downstream PMMA particles: Domestic PMMA market is weak after rising in October. After the holiday, the MMA market is broadly rising, and the particle cost plays a large supporting role. Due to the power restriction policy, the operation of three particle enterprises in Jiangsu is unstable. Meanwhile, the import source is also limited, and the market supply is shrinking

However, there are also power limits in downstream industries. Terminal industries in Jiangsu, Zhejiang and Guangdong and other regions have poor start conditions. They only need to follow up procurement, and low prices are difficult to find. In the latter half of the year, the MMA market fell, PMMA particle cost support weakened, coupled with the downstream demand downturn, the mentality of the merchant to support the lack of profit, shipping, transaction performance is not good. As of October 29, the negotiation reference of east China domestic goods resources is 16800-17300 CNY/ton, and the import resources are 16800-18500 CNY/ton.

Related products butyl acrylate: Domestic butyl acrylate rose first and then fell in October, a perfect display of gold nine silver ten, as of October 29, jiangsu area reference price 17800-18000 CNY/ton, compared with September 400 CNY/ton, 2.19% year-on-year decline. At the beginning of the month, after the return of the small holiday, part of the market shutdown and production reduction devices have been restored, the market spot supply has improved, but there are many orders in the early stage, the factory mainly implemented the early order, the inventory level remains low, so the market spot supply is still tight.

On the other hand, after the return of raw material n-butanol stopped falling and rose, the speed of pull up is fast, the range is large, the price of acrylic acid continues to explore, high cost pressure increases; Downstream and the market as a result of the pre-holiday stock volume is low, post-holiday inquiry positive, volume, are strong support market price center of gravity. After the middle of the month, the first raw material n-butanol market fell sharply in a row, acrylic acid prices hit the top, cost support reduced; Downstream due to the power limit and other factors, the starting load decreased, the demand decreased significantly, the market intention to receive goods decreased, the volume is scarce, and the price decline trend accelerated near the end of the month.

The changes of isobutene, MMA, PMMA particles and butyl acrylate were relatively obvious. Compared with the monthly average price of the mainstream market in September and October, the average price of isobutene in October increased by 970 CNY/ton, or 10.50%, and the price increased by 1500 CNY/ton from the end of October to the end of September. Compared with the average price in September, the average price of MMA East China trade market in October increased by 511 CNY/ton, or 3.70%, and the price decreased by 400 CNY/ton at the end of October compared with the end of September.

Compared with the average price in September, the average price of MMA South China market in October rose 469 CNY/ton, or 3.22%, and the price fell 550 CNY/ton at the end of October compared with the end of September. The average price of PMMA particles in East China market in October rose by 838 CNY/ton compared with the average price in September, up 5.20%, and the price rose by 400 CNY/ton compared with the end of September at the end of October; Compared with the average price in September, the average price of butyl acrylate in East China market in October rose 326 CNY/ton, or 1.79%, and the price dropped 400 CNY/ton at the end of October compared with the end of September.