Introduction: After the overall domestic methacrylic acid market experienced a weak market price at the end of February and fell to 12,500-13,000 yuan / ton, entering March, the domestic methacrylic acid market price continued to rise with the pressure of raw material costs, the overall trading The center of gravity shows a bottoming and rebounding operation. The overall low-cost supply of domestic methacrylic acid market is hard to find, and the focus of trading has gradually risen to 13,500-14,000 yuan / ton. What is the reason for the recent rebound in domestic methacrylic acid market prices?
One of the reasons is related to the fact that the overall market price of domestic methacrylic acid raw materials has maintained a high level recently and the impact of cost factors.
The conflict between Russia and Ukraine continued to escalate. Recently, the price of international crude oil market continued to rise at a high level, and the cost of domestic methacrylic acid raw materials continued to remain high. In addition, in March, domestic methacrylic acid raw material manufacturers have heard that they have been shut down for maintenance one after another, so the overall supply level is relatively tight, and the market price continues to run at a high level. Since March, under the dual pressure of tight raw material supply and rising market prices, domestic methacrylic acid manufacturers have sold at around 13,000 yuan / ton, and have been close to the cost line or even at a loss. Affected by this, under the pressure of cost, they successively raised their own ex-factory offer prices.
The second reason is related to the rebound in the market price of methyl methacrylate, a related product.
Under the background of high raw material cost, methyl methacrylate, a domestic methacrylic acid-related product, has shown a trend of stabilizing and rising. The market quotation price has risen to more than 12,700-13,000 yuan / ton, and the overall low-priced supply in the market has gradually disappeared. , the overall trading center of gravity continued to rise. Boosted by the rising factor of the actual orders in the related product market, traders in the domestic methacrylic acid market also tentatively increased their own ex-factory offer prices. gradually disappear.
The third reason is that the export level remains stable and improving, and domestic downstream end users just need to cover their positions normally.
Recently, the overall foreign trade and export inquiry and purchasing atmosphere of methacrylic acid in China has maintained a positive trend, and the real order transaction level has maintained a stable purchasing strategy based on rigid demand. Therefore, the domestic methacrylic acid market still maintains a stable operation of the purchasing atmosphere of real orders for export. For domestic downstream end users of methacrylic acid, more orders are received to maintain their own orders. This has boosted the domestic methacrylic acid market to a certain extent.
To sum up: the recent rebound in domestic methacrylic acid market prices is mainly due to the high production cost of raw materials for domestic methacrylic acid products and the tight supply of raw materials, which has led to the recent decline in domestic methacrylic acid production enterprises as a whole. At the cost line, or even in a state of loss, some domestic methacrylic acid production enterprises have successively raised their own ex-factory offer prices. In addition, methyl methacrylate products, which are related products in the domestic methacrylic acid market, also showed a rebound and rebounded, thus boosting the trading mentality of the domestic methacrylic acid market. Recently, the export level has remained stable, and the overall downstream demand for methacrylic acid in China has mostly maintained rigid demand, and the purchase atmosphere of real orders has continued to be stable. It is recommended to trade in a short-term, pending the clear guidance on the news.