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[Industry Reports]：MMA: cost support downstream boost, market continues high trend!

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Recently, the domestic MMA market has continued the trend of stable and high supply. The raw materials are at a high level of maintenance of price, and the inventory on the supply side is tight. The downstream purchasing atmosphere has been boosted, and the market mainstream trading price hovers around 15000 yuan/ton, there is limited space for negotiation of real orders in the market, and it is difficult to find low-priced goods in the market.

Raw material maintenance of price high

recently, the overall supply of domestic MMA raw materials acetone hydroalcohol market is tight. Firstly, the overall starting load of the upstream raw materials of acetone hydroalcohol remains low and the production raw materials are insufficient. Firstly, the production cost of acetone hydroalcohol continues to increase and the willingness of manufacturers to start work is insufficient, so the supply of acetone in the overall domestic market is tight. Pushed up by the high market price of acetone, the market cost of MMA increased, so the market price continued the trend of high consolidation.

MMA overall supply is tight

with the gradual easing of the epidemic in severe areas of the domestic epidemic, the overall domestic demand level must just need to be replenished to boost, so the actual domestic demand level is gradually operating positively. However, due to the low running trend of the actual starting load rate of MMA in China recently, the shortage of MMA raw materials is tight.

MMA downstream purchasing atmosphere boost

with the relief of the epidemic, the actual starting load rate of MMA downstream terminal production enterprises has gradually increased, and the market's real-time purchase inquiry atmosphere has maintained a good situation. In particular, some domestic MMA downstream production enterprises operate at low load due to epidemic factors, and the inventory of raw materials and finished products remains low. Therefore, with the gradual increase of the overall starting load in recent years, the market's real-time purchase atmosphere remains positive, and downstream demand is boosted.

Generally speaking, the downstream industry has a good demand performance when the epidemic situation is slowing down. MMA supply is maintenance of price high. We need to continue to pay attention to the changes of supply side news in the near future. Short-term market or maintenance high adjustment is expected, focusing on MMA device operation dynamics and downstream demand performance.

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