Price Assessment

Platts Asia Methyl Methacrylate Assessments

  • What are Asia Methyl Methacrylate price assessments?
  • How we assess Asia Methyl Methacrylate prices
  • Platts Asian MMA Weekly Commentary
  • Platts Asian MMA Daily Rationale

What are Asia Methyl Methacrylate price assessments?

The CFR China and CFR Southeast Asia daily assessments ($/mt) reflect spot cargo sizes of 500-1,000 mt for delivery 15-30 days forward from the date of publication.

The assessments reflect deliveries into East China and Southeast Asia with a specific gravity 20°C/4°C 0.942 to 0.946, the free acid content of 0.005% or less, moisture content (KF method) of 0.05% or less, monomer content of 99.8% or more, number of colors (APHA) at 5 or less, and free acids (methacrylic acid) at 0.005% or less.

Price assessments are complemented by a weekly commentary published on Wednesday, and a daily rationale, which explains how the price assessment is reached and delves into the market fundamentals observed through the week.

How we assess Asia Methyl Methacrylate prices

Platts assessments are based on market information, including, but not limited to, firm bids and offers, and trades reported to the editor up to the close of business (4.30 pm Singapore time).

All the information used to inform the assessment is published transparently on Platts platforms as "heards". An assessment rationale is published explaining what the assessments are and how they have been reached.

A weekly market commentary accompanies the daily price assessments and rationale, which highlights the most important trends that have affected the markets that week and provides insight into what the market expects over the coming weeks.

Find out more about Platts methodology and specifications here >

Platts Asian MMA Weekly Commentary

  • PMMA production margin remains in a robust level
  • S. Korea's May MMA imports from China surge 48.07% on-month

Asian methyl methacrylate (MMA) CFR China marker was assessed down $2/mt at $1,918/mt on June 16, with softer China domestic MMA prices.

Week-on-week, however, the CFR China MMA was up $8/mt, on the back of the recovering China domestic MMA market. Asian polymethyl methacrylate (PMMA) CFR China was assessed unchanged day on day at $2,330/mt for general purpose, injection-grade on June 16.

Week-on-week, the CFR China PMMA was down $5/mt. In market news, South Korea's methyl methacrylate imports from China surged 48.07% on-month to 1,516.10 mt in May, the recent Korean customs data showed on June 16.

In market news, South Korea, typically a net exporter of MMA to China, imported cargoes from the latter for the fourth consecutive month in May amid a global shortage, as reported. S Korea used to export MMA to China before February, with monthly exports averaging 1,258.31 mt in 2020. The country's MMA trade flows shifted to China-to-Korea amid a severe shortage of MMA globally and more robust demand from end-users in Korea.

South Korea was caught short of MMA earlier this year primarily following the production disruption in the US, S&P Global Platts reported earlier. However, market participants were expected that the Asian MMA market sentiment is likely to be softer from July onwards, with the heavy turnaround season in Asia ending.

The MMA production loss during July due to the scheduled maintenance work was estimated at around 4,250 mt, down 87.43% on-month from the previous 33,809 mt in June, according to S&P Global Platts data.

Meanwhile, the MMA production margin out of the acetone was estimated at around $893.42/mt, while the one out of the MTBE at around $170.95/mt as of June 16, S&P Global Platts data showed.

Downstream, PMMA production margin out of the feedstock MMA was estimated at around $162/mt on the same day, the Platts data showed.

Platts Asian MMA Daily Rationale

The Asian methyl methacrylate (MMA) CFR China marker was assessed down $1/mt day on day at $1,919/mt on June 22, amid weaker China domestic MMA prices. China domestic MMA was down 0.13% on the day at Yuan 12,833/mt. The CFR China MMA marker took the average of H1 July and H2 July. The CFR SEA MMA marker was assessed flat day on day at $1,995/mt, amid no disproving indications heard.

This rationale applies to symbol(s) <AMMAC00> <AMMAS00>

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