Introduction
Recently, the overall domestic methacrylic acid market low price offer become rare, the market price of actual offer seems to reach the bottom, and market shows that the domestic methacrylic acid real prices in the later period may show a upward trend. So, what is the reason for the recent domestic overall market prices of methacrylic acid to bottom out and rebound?
First of all, the overall domestic methacrylic acid market downstream remained stable and good. In terms of MAA’s main downstream – special monomer, the recent foreign trade inquiry and purchase situation has been greatly improved, and many downstream terminal manufacturers have received export orders of hundreds of tons of special monomer. With the boost of increasing orders, domestic downstream of MAA – special monomer manufacturers began to actively purchase raw material MAA to produce ordered products. Therefore, the overall domestic methacrylic acid market spot purchase trend maintain positive, so the recent domestic methacrylic acid market overall shipment atmosphere to maintain a stable and good mode of operation.
Secondly, the domestic MAA intermediaries trading atmosphere is active, the market spot bulk transaction remains stable and good momentum. Due to some small and medium-sized downstream users are worried about the market logistics and other aspects around the Spring Festival, many plan to discuss the purchase order around January. Therefore, the recent domestic MAA spot zero order market order inquiry purchase atmosphere to maintain a stable and good momentum of operation.
Third, in 2021, some foreign methacrylic acid plants will stop production, and the recent market price gap between imported brands and domestic brands is gradually widening. As of February 28, 2021, Lucite Methacrylate and its esters plant in Texas, USA will be permanently closed. In addition, the load of methacrylic acid and its esters in Northeast Asia is still low. Therefore, the price of imported methacrylic acid remains high, and low price supply is difficult to find. In January, the market price of imported brands of MAA continued to be high, and the difference between the price of imported brands and domestic brands continued to widen to 3000 yuan/ton. Affected by this, domestic methacrylic acid overall market operators and downstream end users for the recent MAA overall market confidence increased, real purchase order trading maintained a smooth operation.
To sum up, it is expected that domestic methacrylic acid market prices in the near future will show a bottoming rebound trend. The overall market trading level low – price supply is difficult to find, the market offer will continue to be high. However, January is the traditional off-season for downstream methacrylic acid sales in China. In addition, it is close to the Spring Festival holiday. Due to the influence of various uncertain factors on the market before the Spring Festival, some downstream end users are expected to stop in advance. Therefore, short – term trading is recommended, waiting for a clear message as guidance.
exp1@gzchem.com/info@gcresin-paint.com 2021-1-8