MAA supply is tight, and the market price may continue to rise at a high level!

Recently, the overall market supply of Methyl methacrylate in China has been running severely tight, and the spot supply of domestic Methyl methacrylate brand sources has become increasingly tight. Some Methyl methacrylate production enterprises have received orders until late July. What is the reason for the increasingly tight supply of the domestic Methyl methacrylate market?
　　First, the operating load of many domestic Methyl methacrylateproduction enterprises remained low, and the overall supply pressure was relatively large.
　　Since July, the overall supply of domestic Methyl methacrylate has remained tight, mainly due to the continued low operating load of domestic brand Methyl methacrylate manufacturers. First of all, the Methyl methacrylate plant of Heilongjiang Rio Tinto Fine Chemical Co., Ltd. has not been fully restored to normal production. Hangzhou Fuyang Yufeng Chemical Co., Ltd. and Jiangsu Sanyi Technology Co., Ltd. also mainly supply Methyl methacrylate products to core customers. There are few real orders and spot goods in the market. The current sales of Methyl methacrylate products of Liaoning Hefa Chemical Co., Ltd. are mainly pre-sales. At present, the supply of Methyl methacrylate products of the company is becoming more and more tight, and the foreign trade order situation is positive. It is reported that Liaoning Hefa's recent export orders for Methyl methacrylate are relatively good, and only nearly 300 tons of Methyl methacrylate have been signed in July for exports to the Americas and other regions. In addition, Formosa Plastics' Methyl methacrylate plant has been shut down for maintenance since the 20th of last month, and it is expected to return to normal in the first half of this month. Affected by this, the overall import volume of Formosa Plastics' methacrylic products is relatively small recently. Most of other imported brand products are mainly supplied to domestic contract customers, and the secondary market has not seen a significant amount of commodities, and the market price has been maintained at a high level, pushing up the trend.
　　Second, the domestic market price of acetone cyanohydrin, the main raw material of Methyl methacrylate, has remained high in July, and the raw material support of Methyl methacrylate products has become more and more obvious.
　　In July, the domestic market price of acetone cyanohydrin, the main raw material of Methyl methacrylate, continued to remain high, especially due to the recent shutdown of acetone cyanohydrin related plants such as Fushun Petrochemical, the market price remained high. At present, the domestic market price of acetone cyanohydrin is still in a trend of rising at a high level, which is 300 yuan/ton higher than the domestic acetone cyanohydrin market price in June. The cost pressure of domestic Methyl methacrylate production enterprises is increasing. Under this influence, the domestic Methyl methacrylate market price continued to be high
　　Third, the price of downstream products of Methyl methacrylate showed a positive upward trend, which supported the increase of the market price of Methyl methacrylate.
　　With the overall tight supply of Methyl methacrylate in China, the atmosphere of downstream terminal real orders continued to climb at a high level. Recently, many downstream industries of domestic Methyl methacrylate have also raised their ex-factory prices one after another. For example, the price of the main downstream products of Methyl methacrylate in China has been maintained at a high level recently. For example, the market price of methacrylic anhydride has continued to rise at a high level. In addition, the domestic relevant downstream additives and the market price of hydroxyethyl methacrylate have continued to rise at a high level. In addition, the prices of some imported sources showed a positive trend of pushing up, and the market sentiment for real orders was positive.
　　As the overall supply of Methyl methacrylate products in China continues to be tight, and the market price of downstream terminal industries has risen, foreign supplies have been delayed due to many factors such as equipment problems. It is expected that the domestic Methyl methacrylate market may continue to run at a high level in July, and it is not ruled out that the prices of some brands may rise.