Asian MMA - Stable-to–weak in tepid spot discussion■ Sluggish feedstock markets dampen sentiment■ South Korea's June PMMA Exports to China Reach
Year-to-Date LowAs tepid spot talks continued, Asian methyl
methacrylate and polymethyl methacrylate markets (MMA) were steady-to-weak on
Aug. 3. Falling
feedstock MTBE prices further dampened MMA market sentiment. The CFR China MMA marker remained unchanged at $1,620/mt on Aug. 3, despite a stable domestic market in China. The marker fell $3/mt over the course of the week. CFR China PMMA marker was steady downstream at $2,065/mt
general purpose, injection grade on Aug. 3. Due to lackluster downstream demand, tighter spot supply, and lower runs, discussions on spot MMA and PMMA remained muted. The FOB Singapore MTBE Price reached a six-month low of
$953/mt this week, further reducing the MMA market. According to customs data, South Korea's...