Recently, the overall domestic methacrylic acid market has shown a weak and negative trend. Downstream end users actually order more orders and organize operations. The overall market demand level continues to be weak, and the enthusiasm for buying orders is not good, and the overall market focus is showing a downward trend. At present, the mainstream transaction price of methacrylic acid in the domestic market is 18,200 yuan/ton. The overall supply level of the market maintains a relatively stable operation trend. The overall social inventory remains at a medium-to-high level. The focus of real-single negotiation shows a weak downward trend.
Due to the recent severe epidemic in Southeast Asia, and It is difficult to book a ship for export, under the objective background that export cargo ships are hard to find, actual shipments are somewhat hindered. In addition, the recent international exports have maintained a stable trend, and the overall demand level has mostly maintained its own rigid demand, and the downstream end-users’ real-single purchase atmosphere has remained weak and light.
Recently, the production equipment of mainstream domestic methacrylic acid production enterprises has gradually returned to normal. Although some methacrylic acid production enterprises in the northeast area have low load or shutdown, the actual production capacity of domestic C4 process methacrylic acid is relatively high and the operation is normal. Therefore, the overall domestic The supply side of methacrylic acid maintains sufficient momentum. Therefore, the overall domestic supply of methacrylic acid has shown a favorable trend recently, and the overall social inventory of the market has remained high. Therefore, the overall enthusiasm for shipments has increased significantly in the near future, and real orders have been eagerly shipped, and some manufacturers have given priority to shipments with their offer prices.
Recently, the overall downstream demand for methacrylic acid in China has maintained a stable operation. The actual purchase of methacrylic acid mostly maintains the need for replenishment of the warehouse. Some of the purchases are for export order delivery. As the overall demand level has basically remained stable, and the downstream terminal industries mostly maintain their own orders, the overall trading atmosphere of the market continues to be weak, and the overall market consumption rate is slow, leading to the market’s methacrylic acid finished product inventory. accumulation.
In addition, the recent domestic methacrylic acid-related product methyl methacrylate overall market trading center of gravity has also shown a weak downward trend. The focus of domestic mainstream transactions of methyl methacrylate began to soften in mid-May. The focus of mainstream negotiations on the methyl methacrylate market in East China has been adjusted from the high of 1,4000-14500 yuan/ton in early May to 13,200-13000 yuan/ton. South China The focus of negotiations on the mainstream market of methyl methacrylate in the region has been lowered from the high of 14,000-14500 yuan/ton in early May to 13,500-13800 yuan/ton. On the basis of overall shipment pressure, some domestic methyl methacrylate holders have followed suit to sell their products at market profit. Due to the continuous decline in the overall market price of the related product methyl methacrylate, the overall domestic methacrylic acid market has been dragged down by the buying mentality, and the overall trader confidence is slightly weak.
To sum up, the recent overall domestic methacrylic acid market trading atmosphere continues to weaken the trend of consolidation, downstream end users mostly maintain the strategy of just replenishing warehouses, and the export shipping schedule is difficult to determine. This has led to the recent domestic methacrylic acid The accumulation of social inventories in the market is under pressure. Under the pressure of shipments, most of the holders maintain low offers, and market prices show a weak downward trend.