European and American device force majeure Domestic methyl methacrylate export demand is hot

release time：2019-08-05

After the Qingming holiday, the market of methyl methacrylate (hereinafter referred to as MMA) was once again rampant, and the trade market rebounded sharply. The price straight broke through the high point in early March. At present, the trading center of East China trade market is almost around 18,500 yuan/ton. But as Zen said, is the mountain a mountain? At the beginning of March, the MMA transaction focus of the East China secondary market was as high as 18,300 yuan / ton, a small amount of touch to 18,500 yuan / ton, but small end users are fully unable to accept this price, resulting in shrinking market trading volume at that time, giving birth to a price No city status. At that time, the price difference between the first and second grades of East China MMA expanded to around 1,500 yuan/ton, attracting a large amount of trade flows into the secondary market, and arbitrage activities quickly compressed the first and second price spreads. By the end of March, the secondary market transaction had returned to below 17,500 yuan / ton. After the arbitrage space disappeared, the trade activity was fully cooled and crouched until the export enquiry blossomed everywhere, triggering a new round of scissors. Starting from an earlier time, the export inquiry was launched in late February, and the performance was quite exhaustive. At the beginning, the export enquiry tracked by Zhuo Chuang had certain requirements on the quality of the supply, and the exporter insisted on direct dialogue with the domestic MMA production plant, but due to various well-known reasons, the direct cooperation mode could not be carried out. After these export enquiries, they will reach out to the domestic MMA traders, and some of the goods will even be turned around several times until they flow into the hands of exporters. In the whole of March, the amount of goods that were finally collected through the collection of goods from the “Guangjiu” model of traders was considerable. On the price, as of the time of publication, the level of such goods flowing through the export is basically 18,300-18,500 yuan / ton. Then in this period of time, the attitude of the exporter is that there is goods, as many as possible. Corresponding to the hot atmosphere of the export market, it is the deserted domestic trade. In fact, at the price of 18,000 yuan/ton or more, almost few transactions flow to the end users. The terminal has no signs of improvement since the beginning of March, and it is still very weak. The real end user is unable to withstand this price. It can only be said that the market does have high-priced transactions, but it is necessary to identify the information behind the price, and the profitability of capital will always be established. This hot export demand stems from the phased supply panic caused by the force majeure of MMA installations in North America and Europe. If there is no unexpected situation, it is expected that the export enquiry will gradually decrease after mid-term. In view of the current market situation, prices in April have been maintained at a high level. If there are no unexpected accidents, the domestic MMA installations will all be in normal operation in May, and the tight supply will be greatly eased.