China MAA: supply is tight and market is rising at high level!

Recently, the overall domestic methacrylic acid market supply level has shown a tight operation trend, and the overall spot supply of the market as a whole is scarce. The overall real order trading and buying atmosphere in the market mostly maintained a high operating trend. The middlemen maintained a positive and optimistic attitude towards the overall market outlook and maintained a cautious sales strategy. The focus of market real order negotiations maintained a positive upward trend. At present, the domestic mainstream quotation is in the range of 16,300-17,000 CNY/MT, and the market’s real order trading and replenishment transactions are focused on the high-end.

First of all, since July, the overall operating load rate of domestic methacrylic acid production enterprises has maintained low operation.

From mid-June to early July, the domestic acetone hydroalcohol process methacrylic acid production enterprises were basically in a shutdown state for maintenance, and the actual inventory of finished methacrylic acid products had been exhausted. In addition, the relevant production companies have not yet started to drive normally, so the overall supply level remains tight. In addition, the overall operating load rate of domestic C4 process methacrylic acid production enterprises is also showing a low operating trend. Due to the positive trend of foreign trade export orders for domestic methyl methacrylate and other products in July, domestic C4 process methacrylic acid and its ester production enterprises Both maintain the main production of methyl methacrylate, supplying foreign trade orders, and the actual deployment of methacrylic acid production plan is somewhat lower than that in other months. Therefore, the actual supply and the overall domestic supply atmosphere of methacrylic acid are in a tense situation.

Secondly, the domestic methacrylic acid foreign trade export orders performed positively in July.

Since July, due to the insufficient supply of methacrylic acid abroad, the overall methacrylic acid export enquiry atmosphere has also shown a positive trend. Although the overall export volume of methacrylic acid as a refined product is not as good as that of products such as methyl methacrylate, the overall export negotiation atmosphere has mostly maintained a positive trend, and the export-level inquiry price continued to run at a high level.

Third, the domestic methacrylic acid downstream just-needed purchasing atmosphere performed smoothly in July.

Since July, the domestic downstream consumption of methacrylic acid, especially latex products, adhesive products, paint emulsion products, and special monomer products, has maintained a stable and smooth operation of the just-needed purchasing atmosphere, and the real-single purchasing just needs more atmosphere. normal operation.

To sum up, the recent supply level has shown a tight operation trend, mainly due to the low overall operating load of domestic methacrylic acid production enterprises, good orders for methacrylic acid export at the foreign trade export level, and the stable performance of the overall domestic demand procurement field. Therefore, due to the tight domestic spot supply and the low overall domestic social inventory of methacrylic acid, if there is no relevant methacrylic acid manufacturer to significantly increase its output in the short term, or the early parking companies focus on resuming production and increasing the overall operating load. Under the background, the spot supply level of the domestic methacrylic acid market may be difficult to be ample, and the market price may continue to show a high level of consolidation for a certain period of time. And it does not rule out that the continued improvement of foreign trade orders in the domestic market for methyl methacrylate and other related products, or the gradual positive trend of domestic methacrylic acid downstream demand, will aggravate the tight supply of domestic methacrylic acid market.