Recently, the overall domestic methacrylic acid market price has shown a high-rise trend. The downstream end-users are actively receiving orders and more guarantees. In addition, the overall market supply level is tight, and the overall market negotiation focus has risen. At present, the domestic mainstream market price of methacrylic acid is negotiated to around 17,300-18,000 yuan/ton. The overall domestic methacrylic acid market is focused on high-end operation, and the overall trading atmosphere in the market maintains a stable and positive trend.
First of all, under the recent “dual control” of energy consumption, the overall domestic supply of methacrylic acid has been tight, and the overall domestic market price of methacrylic acid has continued to rise at a high level.
Affected by the “dual control” policy of energy consumption, the actual operating load rates of domestic methacrylic acid production enterprises have maintained normal low-load operation, and some methacrylic acid production enterprises are still in a state of shutdown. Existing methacrylic acid production enterprises that can normally produce are affected by factors such as tight raw material supply or energy consumption restrictions, and the actual operating load rate is weak and low. The overall domestic methacrylic acid market is in a state of tight actual spot supply, the overall market is low in inventory, and the market price continues to rise at a high level.
Secondly, the overall domestic methacrylic acid-related product methyl methacrylate showed a trend of high-level operation, driving the overall domestic methacrylic acid market price to continue to rise at a high level.
Recently, the overall market price of methyl methacrylate, a domestic methacrylic acid-related product, has also shown a high trend. The market price range of actual orders have been pushed up to 14,500-15,000 yuan/ton, and the market actual orders have tended to be high. The overall domestic supply atmosphere of methyl methacrylate is also tight, and market prices continue to rise at a high level. Related domestic production companies mostly deploy products according to their orders, and the domestic market price of methyl methacrylate has risen, which has driven the domestic market price of methacrylic acid to show a high trend.
Third, the market price of domestic methacrylic acid downstream products has risen sharply, which promotes the continued high operation of domestic methacrylic acid market prices.
Recently, the market prices of domestic downstream products of methacrylic acid, especially hydroxyethyl methacrylate, hydroxypropyl methacrylate, and other products, have shown a trend of rising at a high level. The domestic market price of hydroxyethyl methacrylate products rose to 22,000-23,000 yuan/ton, and the market price of hydroxypropyl methacrylate products rose to 26,000-27,000 yuan/ton. The rising market price of domestic methacrylic acid downstream products has also promoted the domestic market price of methacrylic acid to rise accordingly.
To sum up, due to the “dual control” of energy consumption in the overall domestic methacrylic acid market recently, the spot supply of the market continues to be tight, coupled with the increase in the market price of related products methyl methacrylate and downstream hydroxy ester products. As a result, the domestic market price of methacrylic acid has shown a high trend of upward movement soon.