Methyl Meth Acrylate (MMA) Price In Korea
- Korea: 1630 USD/TON
The price of methyl methacrylate (MMA) in Korea for Q1 2024 reached 1630 USD/Ton in March, showing volatility throughout the first quarter.
The latest report by IMARC Group, titled "Methyl Meth Acrylate (MMA Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Methyl Meth acrylate (MMA) Prices. This report delves into the price of Methyl Meth Acrylate (MMA) Globally, presenting a detailed analysis, along with informative Methyl Meth Acrylate (MMA) Price Chart. Through comprehensive methyl meth acrylate (MMA) Price News, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the methyl meth acrylate (MMA) demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Methyl Meth Acrylate Prices December 2023:
- Korea: 1630 USD/TON
- Brazil: 2000 USD/TON
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The study delves into the factors affecting methyl meth acrylate (MMA) price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Methyl Meth Acrylate (MMA) Price Trend- Q4 2023
The MMA market is primarily driven by its demand from the Polymethyl Methacrylate (PMMA) sector, which uses MMA as a key raw material. The growth of the automotive, construction, and electronics industries is significantly boosting MMA consumption, as PMMA is widely used for its superior optical properties and durability in applications ranging from automotive lighting to building panels.
Additionally, technological advancements in PMMA production and increased adoption of high-performance materials in various end-use sectors are contributing to the market’s expansion. The MMA market's growth is further supported by increasing investments in production capacity and advancements in manufacturing technologies, which help meet the rising demand across different applications globally.
Methyl Meth Acrylate (MMA) Industry Analysis
In Q2 2024, the MMA market in North America experienced firm pricing due to factors such as tight supply, increased demand from the PMMA industry, and a resurgence in automotive sector consumption. The US experienced new vehicle sales and Rohm's expansion of its PMMA production capacity, while macroeconomic factors like persistent inflation and weather disruptions strained supply chains.
On the other hand, in the Asia-Pacific region, price hikes were observed due to limited inventories, stable domestic demand, and strong export inquiries. MMA prices in the Asia-Pacific region increased in Q2 2024 due to supply and demand dynamics, with South Korea experiencing a surge due to limited inventories, stable domestic demand, and strong export inquiries. Production constraints and reduced manufacturing rates further tightened the domestic market, leading to higher prices. Feedstock costs and restocking activities in overseas markets further exacerbated the upward trend. In Q2 2024, MMA prices in Europe, particularly Germany, increased due to Rohm's increased prices, falling feedstock prices, and the automotive sector's demand for PMMA. Logistics challenges like tight supply chains and rising freight costs also contributed to the increase.
The European Central Bank's rate cuts and lower inflation rates improved consumer sentiment, but supply constraints remained. High import costs from Asia, exacerbated by the Red Sea crisis, further impacted MMA prices. Similarly, South America, particularly Brazil, also saw price increases due to limited inventories and supply chain disruptions. Domestic demand from the PMMA sector was subdued, but supply constraints drove prices higher. Brazil's automotive production slowdown, inflationary pressures, and delays in MMA shipments from Asia contributed to supply shortages and higher prices.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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