PMMA: Is it really cool?

Different from general-purpose plastics that can shine back from time to time, this year's engineering plastics market is so terrib.

factory	grade	January 2	May 29	fall	drop
Asahi Kasei	80N	27000	22000	-5000	-15%
Evonik Degussa	8N	27000	26000	-1000	-7%
Chi Mei Taiwan	CM205	25500	23200	-2300	-0%
Zhenjiang Chimei	CM-205	21000	16600	-4400	-20%
Chi Mei Taiwan	CM207	26000	23200	-2800	-18%
Zhenjiang Chimei	CM-207	21000	16600	-4400	-20%
Chi Mei Taiwan	CM211	26000	23200	-2800	-18%
Zhenjiang Chimei	CM-211	21000	16600	-4400	-20%
LG Chem	IF850	25500	18500	-7000	-25%
Sumitomo Japan	LG2	23000	19000	-4000	-14%
Mitsubishi Chemical (Nantong)	MF001	23000	18500	-4500	-16%
Sumitomo Japan	MH	23000	19000	-4000	-14%
Mitsubishi Chemical (Nantong)	VH001	23500	18500	-5000	-23%

Manufacturer 's grade fell on January 2 and May 2 Japan's Asahi Kasei 80N 27000 22000 -5000 -15% Evonik Degussa 8N 27000 26000 -1000 -7% Taiwan Chi Mei CM205 25500 23200 -2300 -0% Zhenjiang Chi Mei CM-205 21000 16600 -4400 -20% Taiwan Chi Mei CM207 26000 23200 -2800 -18% Zhenjiang Chi Mei CM-207 21000 16600 -4400 -20% Taiwan Chi Mei CM211 26000 23200 -2800 -18%Zhenjiang Chi Mei CM-211 21000 16600 -4400 -20 % LG Chem IF850 25500 18500 -7000 -25% Japan Sumitomo LG2 23000 19000 -4000 -14% Mitsubishi Chemical (Nantong) MF001 23000 18500 -4500 -16 % Japan Sumitomo -4000 -14% Mitsubishi Chemical (Nantong) VH001 23500 18500 -5000 -23% Manufacturer grade January 2 May 29 Decline manufacturer manufacturer grade January 2 January 2 May 29On May 29, Asahi Kasei 80N 27000 22000 -5000 -15 % Asahi Kasei Japan 80N 80N 27000 27000 22000 22000 -5000 -5000 -15 % -15 % Evonik Degussa 8N 27000 -7000 -100 % Evonik Degussa Evonik Degussa 8N 8N 27000 27000 26000 26000 -1000 -1000 -7% -7% Taiwan Chi Mei CM205 25500 23200 -2300 -0% Taiwan Chi Mei Taiwan Chi MeiCM205 CM205 25500 25500 23200 23200 -2300 -2300 -0 % -0 % Zhenjiang Chimei CM-205 21000 16600 -4400 -20% Zhenjiang Chimei Zhenjiang Chimei CM-205 CM- 105 21000 21000 -4400 1660 % 20% Taiwan Chi Mei CM207 26000 23200 -2800 -18% Taiwan Chi Mei Taiwan Chi Mei CM207 CM207 26000 26000 23200 23200 -2800 -2800 -18% -18% Zhenjiang Chi MeiCM-207 21000 16600 -4400 -20% Zhenjiang Chi Mei Zhenjiang Chi Mei CM-207 CM-207 21000 21000 16600 16600 -4400 -4400 -20 % -20% Taiwan Chi Mei CM211 26000 23200 -2800 -18% Taiwan Chi Mei 26000 26000 23200 23200 -2800 -2800 -18% -18% Zhenjiang Chimei CM-211 21000 16600 -4400 -20% Zhenjiang Chimei Zhenjiang Chimei CM-211 CM-211 21000 2100016600 16600 -4400 -4400 -20 % -20 % LG Chem IF850 25500 18500 -7000 -25 % _ _ _ _ _ _ _ _ _ _ _ _ _ _ 14% Sumitomo Japan LG2 LG2 23000 23000 19000 19000 -4000 -4000 -14% -14% Mitsubishi Chemical (Nantong) MF001 23000 18500 -4500-16% Mitsubishi Chemical (Nantong) Mitsubishi Chemical (Nantong) MF001 MF001 23000 23000 18500 18500 -4500 -4500 -16 % -16 % Sumitomo MH 23000 19000 -4000 -14 % Sumitomo MH MH 23000 23000 -1900 4000 -4000 -14% -14% Mitsubishi Chemical (Nantong) VH001 23500 18500 -5000 -23% Mitsubishi Chemical (Nantong) Mitsubishi Chemical (Nantong) VH001 VH001 23500 23500 18500 18500 -5000 -5000-23% -23%

Table 1: Year-to-date changes in PMMA market prices in China Plastics City

Methyl methacrylate (MMA): As the main upstream monomer of PMMA, the weak trend of MMA has greatly weakened the cost suppo.

Petrochemical companies: If the wide-ranging decline of upstream monomers cannot have a direct impact on the market, then petrochemical companies' moves to lower ex-factory prices for days will obviously put pressure on the mentality of professiona.

factory	grade	January 2	May 29	fall	drop
Zhenjiang Chimei	CM205	21000	16500	-4500	-23%
Suzhou Double Elephant	SX	20500	16000	-4500	-21%
Mitsubishi Chemical	VH001	24000	17300	-6700	-37%
Mitsubishi Chemical	MF001	24000	17300	-6700	-37%

Manufacturer 's grade fell on January 2 and May 2 Zhenjiang Chimei CM205 21000 16500 -4500 -23% Suzhou Shuangxiang SX 20500 16000 -4500 -21 % Mitsubishi Chemical VH001 24000 17300 -6700 -37 % -37% Manufacturer 's grade on January 2, May 29, drop , manufacturer 's grade , January 2, January 2, May 29, May 29, drop , drop , drop , Zhenjiang Chimei CM20521000 16500 -4500 -23 % Zhenjiang Chimei Zhenjiang Chimei CM205 CM205 21000 21000 16500 16500 -4500 -4500 -23 % -23 % _ _ _ _ _ _ _ _ _ -4500 -4500 -21% -21% Mitsubishi Chemical VH001 24000 17300 -6700 -37% Mitsubishi Chemical Mitsubishi Chemical VH001 VH001 24000 24000 17300 17300-6700 -6700 -37 % -37 % Mitsubishi Chemical MF001 24000 17300 -6700 -37 % _ _ _ _ _ _ _ _

Table 2: Year-to-date changes in prices of PMMA producers

Supply and demand side: In May, only Nantong Mitsubishi Chemical (60,000 tons/year) PMMA plant was shut down for maintenance for three weeks, while other PMMA manufacturers maintained low-load operati.

Summary: Due to the current unsatisfactory aspects from upstream, petrochemical and downstream, plus the negative impact of the second Sino-US trade war on the international crude oil market and the import and export of domestic raw materials, the PMMA market may continue to suffer a certain amount of pressure in the short te.