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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 rangebound over the week

  • COVID-19 surge slows India demand

Asian methyl methacrylate (MMA) prices were assessed up $12/mt week on week at $1,890/mt CFR China on the back of improved demand in China, which saw prices in the domestic market rise.

Domestic prices were heard around Yuan 13,083.33/mt on April 21, up more than Yuan 430/mt week on week. The April 21 price was equal to about $1,671.40/mt on an import parity basis, still far below international market prices, which this week were heard around $1,980-$2,050/mt on a CFR Northeast basis.

Meanwhile, FOB China prices were heard around $1,950-$2,000/mt, with a possibility of arbitrage to India, where domestic ex-tank were prices heard around $2,100/mt on import parity basis.

A trader said India had received much MMA imports, and prices and demand had decreased significantly over the last few weeks.

Contributing to a wait-and-see stance in India this week was the surge in COVID-19 cases, which had led to new lockdown measures. A trader said the full impact of the fresh wave of cases in India was not yet clear for the local industry.

However, supply remained tight in Asia, market sources said, with global supply backlogs still having an impact after the deep freeze that hit the US earlier this year. In Southeast Asia, turnarounds were currently ongoing.

In feedstocks this week, acetone rose $10/mt to $1,110/mt CFR China, assessed on April 20, while MTBE rose $17.90/mt to $735.40/mt FOB Singapore on April 21.

Asian polymethyl methacrylate (PMMA) slipped $5/mt week on week to $2,345/mt. A Northeast Asian producer and a trader said in the week ending April 24 that the market was stable in terms of prices and demand.

A major Southeast Asian producer is expected to revise its prices next week, sources said.

Platts Asian MMA Daily Rationale

Asian methyl methacrylate, or MMA, CFR China marker was unchanged day on day at $1,890/mt on April 22, as the domestic China MMA market remained steady. CFR China MMA marker took the average of H1 May and H2 May, which was assessed at $1,890/mt. The China domestic MMA price was heard at Yuan 13,083.33/mt, which was flat day on day.

The CFR SEA MMA marker was assessed unchanged day on day at $2,048/mt, with a trader indicating this was within market range at the moment.

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

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