Current Location： Home > News > Industry Focus > MMA supply and demand imbalance, market prices continue to rise

[Industry Focus]：MMA supply and demand imbalance, market prices continue to rise

Read： 696 Time：10months ago Source：百川盈孚

1. MMA market prices continue to rise

from November 2023, domestic MMA Market Price shows a sustained upward trend. From a low of 10450 yuan/ton in October to the current 13000 yuan/ton, an increase of 24.41. This increase is not only beyond the expectations of downstream manufacturers, upstream manufacturers also did not foresee. The main reason for the continued rise in prices is the tight supply of goods, which is closely linked to the next supply and demand.

2023-2024我国MMA市场价格走势图.jpg

More than 2. sets of MMA devices were stopped for maintenance, and the tight supply pushed up MMA.

The MMA market experienced an imbalance between supply and demand in October, leading to a broad decline in prices. In November, a number of MMA devices were stopped for maintenance, resulting in a sharp drop in domestic supply. With the restart of some early maintenance devices in December, there are still devices in Zhejiang, Northeast and Jiangsu, and there is still a gap in in stock supply. As we enter 2024, although some units are restarted, other units that are parked for maintenance remain parked, further exacerbating the supply crunch.

At the same time, downstream demand is relatively stable, which allows suppliers to continue the price operation. Although the ability of downstream users to accept raw material prices has declined in the face of rising raw material prices, they have to follow up at high prices under rigid demand. This imbalance between supply and demand is the main reason for the price increase of MMA.

3. starts have picked up this week, which has a certain depressing effect on market prices.

The MMA industry's operating load was 47.9 per cent last week, down 2.4 per cent from last week. This is mainly due to multiple sets of device parking maintenance. Although this week as the load of the restart device stabilizes, the MMA industry's operating load is expected to increase, which may have a certain depressing effect on market prices. However, in the short term, due to tight supply, the increase in start-up load may not have a significant impact on market prices.

4. after the market MMA or continue to remain high

as MMA prices continue to rise, MMA industry profits are gradually repairing. At present, the average gross profit of MMA industry by ACH method has reached 1900 yuan/ton. Although the price of raw material acetone is expected to fall, the MMA industry is still profitable. It is expected that the MMA market will continue to run at a high level in the future, but the increase may slow down.

The continued rise in MMA prices was mainly triggered by a tight supply of goods, which in turn was closely related to the decline in supply due to the shutdown and overhaul of multiple units. In the short term, market prices are expected to continue to run at high levels as supply tensions have not eased significantly. However, with the increase of starting load and the stability of downstream demand, the future market supply and demand relationship will gradually tend to balance. Therefore, it is very important for investors and manufacturers to pay close attention to the market dynamics, understand the changes in the relationship between supply and demand and the impact of the news on the market.

Previous： 2023 octanol market: production decline, supply and demand gap widened, what is the future trend?

Next： There are more than 300 chemical projects under construction in Shandong Province. What are the main construction directions?

News Categories