[Introduction]Recently, the overall domestic methacrylic acid market has shown a trend of high-level growth. The price of real-order bulk delivery in the market has pushed up to 14,000-14500 RMB/ton, and low-priced sources are difficult to find.
Recently, the overall domestic methacrylic acid market has shown a trend of high-level growth. The spot supply level continues to be tight. The price of real-order bulk delivery in the market has increased by RMB 1,500/ton from the closing price in September. Push up to 14000-14500 RMB/ton. The overall market is hard to find low-priced sources, and the center of market level continues to rise. What is the reason that the domestic methacrylic acid market price has shown a high rise recently?
First of all, the overall domestic supply of methacrylic acid has been tight recently, and the market price has shown an upward trend.
Since October, most switchable manufacturers have mainly produced methyl methacrylate, so the output of methacrylic acid has decreased accordingly. In addition, some domestic methacrylic acid manufacturers such as Liaoning Hefa are in the process of shutting down for maintenance. It is expected to resume normal operation in November, which has also aggravated the overall shortage of domestic methacrylic acid supply.
The supply of imported methacrylic acid also showed a decreasing trend in October. Due to the shutdown of the methacrylic acid plant in Northeast Asia in October, the supply side continued to be tight. Therefore, the import volume of methacrylic acid was scarce in October, and the real order supply in domestic market continued to be tight.
Secondly, in the context of the traditional peak season, the domestic downstream demand atmosphere for methacrylic acid continues to improve.
October was the peak season for traditional downstream sales of methacrylic acid in China, and the overall order situation of downstream terminals showed a positive trend. Take the following hydroxyethyl methacrylate as an example. The current mainstream offer price in the domestic market has risen to 17000-17500 RMB/ton, and hydroxypropyl methacrylate, which is also the main downstream product of methacrylic acid, has risen to 21000-21,500 RMB/ton in the mainstream market. The overall situation of other downstream terminals such as coatings and additives also showed a better development model.
Affected by the positive push-up operation on the real demand side of downstream terminals, the purchasing of the actual domestic demand for methacrylic acid has continued to develop in the near future.
Third, the recent market of related products, methyl methacrylate, has shown a high upward trend, which has promoted the rise of domestic methacrylic acid market prices.
Since October, the domestic market price of methyl methacrylate, a related product of domestic methacrylic acid, has been actively pushed up, and the overall atmosphere has continued to improve. The mainstream offer price has risen to 1,3000-13500 RMB/ton, and the spot supply level is present. Due to the tight trend, middlemen are more cautious and reluctant to sell, and the overall transaction center of the market has risen. Due to the high price of domestic methyl methacrylate market, the domestic market price of methacrylic acid was promoted to maintain a high level.
To sum up, due to the recent low load of the overall domestic methacrylic acid installations and tight spot supply, the demand for real orders from downstream terminals continues to improve in the traditional peak season, and the market price of the related product methyl methacrylate has risen at a high level. Affected by the above factors, the overall domestic methacrylic acid market will maintain a high upward trend in the near future.
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