Polymethyl Methacrylate (PMMA) Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Polymethyl Methacrylate (PMMA) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Polymethyl Methacrylate Price Trend for the October - December of 2023

Asia

The PMMA market had tepid demand dynamics in the last quarter of 2023. However, despite the oscillations in the downstream market, the polymethyl methacrylate prices were able to attain some stability in this quarter.

Polymethyl Methacrylate (PMMA) Price Chart

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Polymethyl methacrylate is used in everyday industrial processes, and thus, its depleted sales had only a little impact on the market. Further, the production activities of polymethyl methacrylate also declined with a limited supply of raw materials, which gave traders room to equalize their demand and supply of polymethyl methacrylate.

Europe

The oscillations in the polymethyl methacrylate price trend during the end quarter of 2023 were similar to those in the Asian countries. For the most part of that time, the price graph for polymethyl methacrylate faced downward, reflecting the generally unfavorable sentiment of the European market.

The European polymethyl methacrylate market was forced to shrink in view of weak demand. Nonetheless, a little incline in the price graph for polymethyl methacrylate was noted at the conclusion of the quarter in the month of December.

North America

As the end months of the last quarter of 2023 approached, the cost of feedstock methyl methacrylate began to appreciate in the US markets, causing a rise in the cost of overall production of polymethyl methacrylate. The consumption rates of the consumers also improved slightly as they were still skeptical of the momentum of the US chemical sector. The functioning of downstream automotive and construction industries was still under the pressure of low export activities and limited sales which prevented the rise in the polymethyl methacrylate prices.

Analyst Insight

According to Procurement Resource, the price trend of Polymethyl Methacrylate are estimated to waver in the upcoming quarters as the market dynamics are not likely supported by the demand from the end-user industries.

Polymethyl Methacrylate (PMMA) Price Trend for the July-September of 2023

Asia

The Polymethyl Methacrylate prices fluctuated consistently in the given period of the third quarter of the year 2023. The first half of the said quarter was more positively inclined at the price curve compared to the second half. Since the polymer polymethyl methacrylate is produced as a result of the polymerization of methyl methacrylate, the price trend closely followed the feedstock prices.

Other than this, consistent demands from the luminous surface industries like road signs, optical fibres, aircraft canopies, etc., also positively influenced the polymethyl methacrylate market trend. However, since the supply influx didn’t stop amidst stable demands, the overflowing inventories started dominating the polymethyl methacrylate market run, and the prices started slipping in the second half. Overall, mixed market sentiments were observed.

Europe

The European market sentiments for polymethyl methacrylate mostly dwelled on the negative side as the price graph faced downwards for the majority of the said period. A long period of feeble demands rendered the European polymethyl methacrylate market gasping. However, at the end of the quarter in September a little rebound was registered at the polymethyl methacrylate price index. Overall, fluctuating market trend were observed for polymethyl methacrylate throughout the said period.

North America

The North American polymethyl methacrylate market remained subject to the poor economic situation in the region during the entire span of Q3’23. Since the interest rates were touching the skies, the industrial practices remained muted, which directly translated into the dull demands of polymethyl methacrylate. Thus, the polymethyl methacrylate price trend remained downward-facing throughout the said period.

Analyst Insight

According to Procurement Resource, not much improvement is anticipated in the Polymethyl Methacrylate going forward, given the current market uncertainties and volatile demands.

Polymethyl Methacrylate (PMMA) Price Trend for the First Half of 2023

Asia

In the Asian Polymethyl Methacrylate (PMMA) market, the prices observed a swinging pattern throughout the first half of 2023. The market started slowly at the beginning of Q1 but picked up pace by the middle of Q1 as the downstream construction and safety sectors started posing higher demands, with markets, especially the Chinese market, picking up pace in the post-lockdown era. Prices wavered in an overall positive direction till the middle of the second quarter, then finally experienced a dip by the end of the second quarter, as the inventories started overflowing.

Europe

In the European Polymethyl Methacrylate (PMMA) market, the prices exhibited a mixed pattern as the prices rose in the first quarter and declined in the second. The market was struggling in the previous quarters because of the mounting inflation; the market showed some recovery in Q1. But as the stockpiles exceeded their standard limits, the prices turned south in the second quarter. Overall, mixed market sentiments were observed throughout.

North America

The North American Polymethyl Methacrylate (PMMA) market almost replicated the trend in both quarters of H1 2023. Prices rose at the beginning through the middle and then subsided by the end of the quarter. Demands posed by construction sectors and the stock levels in the countries primarily determined the market performance. Overall, the trend were observed to be seesawing throughout.

Analyst Insight

According to Procurement Resource, the price trend for Polymethyl Methacrylate (PMMA) will continue to fluctuate, driven by uncertain feedstock costs and downstream demands.

Procurement Resource provides latest prices of Polymethyl Methacrylate (PMMA). Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.