As the end of October is approaching in the near future, the overall domestic methacrylic acid market has gradually entered the traditional off-season. As for the trend of the domestic methacrylic acid market in the future, the overall views are divided. So what is the driving force behind the recent high domestic market price of methacrylic acid?
First of all, the supply and demand of the domestic methacrylic acid market are both increasing.
From the perspective of the domestic methacrylic acid market supply level, from the end of October to November, as the methacrylic acid and its ester installations in Asia gradually resume normal operation, the source of imported methacrylic acid will gradually enter the domestic market. , To supplement the current shortage of supply in the domestic methacrylic acid import source market. In addition, as the methacrylic acid production companies in Liaoning Hefa and other companies that had stopped for maintenance at the end of October continued to return to normal, the overall domestic supply level will also show a positive development trend.
From the perspective of domestic methacrylic acid market demand, from the end of October to November, Qixiang Huali New Materials Co., Ltd. (meth) hydroxy acrylate project plans to commission, Wanhua Chemical (meth) hydroxy acrylate project Test runs are also planned. If the above-mentioned hydroxy ester projects are successfully started and run smoothly and normally, it is bound to increase the overall demand for the domestic methacrylic acid market.
Therefore, from the end of October to November, the overall domestic methacrylic acid market supply level and the downstream terminal real order demand level will have an increasing trend.
Secondly, the overall order transaction of domestic methacrylic acid and some of its downstream terminal areas is showing a positive trend.
In the domestic areas of methacrylic acid and some downstream terminal, the overall demand showed a positive trend from the end of October to November. For example, in the field of medical care products, the recent overall orders trend has shown a positive and rapid increase, and the overall purchase volume of actual orders has shown a high growth trend. Driven by the demand of some downstream terminals, coupled with positive purchasing trend, the overall domestic methacrylic acid market still maintains relatively stable purchasing power at the level of acquisition.
Third, the tight supply of methacrylic acid raw material, acetone hydroalcohol, restricts the actual output of methacrylic acid by some domestic enterprises.
Due to the recent production stop of domestic methacrylic acid’s raw material acetone hydroalcohol enterprises, the overall supply of domestic ACH is tight. In addition, related products such as methyl methacrylate also have corresponding demand, which intensifies the tight supply of the domestic acetone hydroalcohol market, thereby limiting the actual output of some methacrylic acid manufacturers.
In summary, the overall increase in supply and demand in the domestic methacrylic acid market offset each other, but orders from some downstream terminals boost, and the supply of raw material acetone hydroalcohol is limited. It is expected that the overall domestic methacrylic acid market may maintain a stable trend in the later period, and the possibility of a sharp decline in the short-term is low.
exp1@gzchem.com