Market trending of Methyl Methacrylate (MMA) August 25
This week, the domestic MMA market remained stable. Until Friday, the East China market offered at 9500-9700yuan/ton, Shandong market with reference to 9400-9600 yuan/ton, and the South China market offered at 10100-around 10300 yuan/ton, unchanged from last week. During this week, the raw material acetone stabilized and then rose. The downstream product market is stable, and raw materials are purchased on the market demand. In terms of new production capacity, the operation of Zhejiang Petrochemical's equipment fluctuates, and the product launch time is postponed to next month. The overall market atmosphere has slightly recovered.
Looking at next week, the raw material acetone market may continue to be high. We expects that the short-term MMA market may consolidate, and pay attention to domestic installations and downstream demand changes.