Introduction
Recently, the China domestic methacrylic acid market price has continued to hover at 16,500-17,000 yuan/ton, and the supply of imported methacrylic acid is still maintained. The overall market offer price is generally higher than the domestic brand market price, and the imported brand price is generally maintained at 20,500 yuan. Near the /ton, real order transactions still have some room for negotiation. The overall trading level of the domestic methacrylic acid market continues to just need to cover positions, and downstream end users mostly purchase according to their own product orders.
First of all, the overall domestic demand for methacrylic acid maintains a rigid demand purchasing atmosphere.
The overall domestic methacrylic acid market is showing a trend of consolidation and operation, and the downstream terminal industries are mostly based on their own orders. Domestic end-demand areas such as methacrylic resin coatings and adhesives are still performing steadily, and the enthusiasm for single purchases has maintained an overall positive trend.
The performance of specialty monomers with methacrylic acid as the main raw material is uneven. The overall demand level of some special monomers maintained a positive trend, and the export level performance was acceptable. The recent order atmosphere of hydroxy methacrylates has maintained a stable operation, and the overall domestic sales atmosphere has maintained rigid demand.
Secondly, the recent domestic methacrylic acid product export enquiry atmosphere is acceptable.
Recently, the overall export enquiry atmosphere of the domestic methacrylic acid market has maintained a positive trend, and the export transaction prices have mostly maintained a relatively high level. The overall enquiry and buying atmosphere is acceptable. As some domestic methacrylic acid manufacturers are in urgent need of delivery due to their export orders, their inventories remain low, and the offer prices continue to run at a high level. However, due to the unstable production conditions of some methacrylic acid production enterprises and the certain gap between the quality of their products and the products of other enterprises, the actual sales situation is not good, resulting in a backlog of inventory and maintaining a high level of overall storage.
Third, the production and operation status of domestic methacrylic acid production enterprises has been uneven recently.
Recently, domestic methacrylic acid production enterprises have started production in different conditions. Huayi Yuhuang methacrylic acid plant and Wanhua Chemical’s methacrylic acid plant will be shut down for maintenance for approximately one month from March 31. The operation of other methacrylic acid production enterprises basically maintained normal operation. Therefore, the overall supply level of the domestic methacrylic acid market maintained normal and stable operation in April.
In summary, the overall supply level of the domestic methacrylic acid market has basically maintained ample momentum since April, and the downstream end consumer demand levels have varied. The downstream end industries such as coating resin adhesives and other downstream end-use industries have an acceptable purchasing atmosphere, and special monomers. The enthusiasm for actual purchases remained flat. Due to the recent domestic methacrylic acid-related product methyl methacrylate market prices continue to maintain a stable and stable operation trend, the overall mentality of domestic methacrylic acid downstream end users is more cautious and wait-and-see attitude, and actual single purchases are more to maintain rigid demand. It is recommended to trade in a short-term, pending clear guidance on the news.
