Introduction
Since mid-to-late May, the domestic methyl methacrylate market has basically been in a weak downward trend. The real order purchasing atmosphere of downstream terminals has continued to be weak. The mainstream transaction atmosphere has mostly maintained a cautious wait-and-see attitude. The market trial production buying atmosphere has continued to be weak. Under the pressure of shipments, the holders have made profit offers, and the overall shipment mentality has become more and more positive.
Since mid-to-late May, the overall domestic methyl methacrylate market has basically been in a weak downward trend. The real order purchasing atmosphere of downstream terminals has continued to be weak. The mainstream transaction atmosphere has mostly maintained a cautious wait-and-see attitude. The market trial production buying atmosphere has continued to be weak. Under the pressure of shipments, some holders made profit offers, and the overall shipment mentality became more and more positive. The mainstream transaction price of the domestic methyl methacrylate market dropped to around 11500-12000 yuan/ton, and there is still room for profit-making in the actual market negotiation. The overall domestic methyl methacrylate market is in a weak and sluggish atmosphere, and the overall trading atmosphere is light. However, near the end of May, the atmosphere for large-scale contract negotiations in the overall domestic methyl methacrylate market has gradually recovered. It is not ruled out that the market in June will show a trend of slowing down and bottoming out.
In June, Jilin Petrochemical’s 200,000-ton/year methyl methacrylate unit was shut down for maintenance, and the overall market supply level may decrease to a certain extent. Huiling Chemical’s 90,000-ton/year methyl methacrylate plant was shut down for maintenance from mid-May to mid-June. Actual production was limited in June. Therefore, the overall domestic methyl methacrylate market maintained a normal low supply atmosphere in June.
Entering the end of May, some downstream end users of methyl methacrylate gradually negotiated overall orders for June around the end of May. The overall trading game atmosphere in the market continues, but downstream end users mostly sign contracts to purchase according to their actual orders. In particular, some polymer material factories in Shandong are gradually purchasing more heavily, the market real order trading atmosphere is gradually getting better, and the real order trading level gradually resumes operation. Due to the smooth progress of some large order negotiations, the shipment pressure of some domestic methyl methacrylate manufacturers has gradually reduced in a short period of time, and the market offer price has shown a trend of stopping falling and bottoming out.
Since the overall domestic methyl methacrylate market has been in a weak trend since mid-to-late May, domestic methyl methacrylate manufacturers have mostly maintained their own rigid needs to cover their raw material purchases, and the actual raw material inventory has remained at a moderately low level. . As some large domestic downstream customers of methyl methacrylate initially signed contracts for purchase and negotiation, the situation that market prices stopped falling and bottomed out gradually, and some small and medium-sized downstream end users’ enthusiasm for real-single purchase was gradually boosted.
To sum up, the overall domestic methyl methacrylate market has gradually stopped falling and built a bottoming atmosphere. The market price may continue to organize and operate, and it is not ruled that the low-end offer prices of real orders in the market will gradually disappear, and the actual transactions are mostly high-end The offer price is close, and it is expected that the overall domestic methyl methacrylate market may show a slight rebound in early June.