Intensified competition in the MMA market in 2021

In the past 2020 , the domestic methyl methacrylate (MMA) market fluctuated significantly, with the price hitting a 10- year historical low of 7,000 yuan ( ton price, the same below ) and the highest point during the year of 13,500 yuan.

In the past 2020 , the domestic methyl methacrylate (MMA) market fluctuated significantly, with the price hitting a 10- year historical low of 7,000 yuan ( ton price, the same below ) and the highest point during the year of 13,500 yuan.

From the perspective of supply, according to chemical online statistics, a total of 2 sets of new MMA installations will be put into production in 2020 , namely, Zhejiang Petrochemical 90,000 tons / year and Shandong Qixiang Tengda 100,000 tons / year, with a total production capacity of 1.

From the point of view import and export, customs data show, 2020 Nian 1 to 11 month our country MMA imports totaled 23.

From the perspective of downstream demand, the traditional downstream demand of domestic MMA is mainly concentrated in industries such as PMMA particles, sheets, polymer material additives, coatings and ink resins, and adhesives.

It is worth noting that the Ministry of Ecology and Environment, the Ministry of Commerce, the National Development and Reform Commission, and the General Administration of Customs issued the "Announcement on Matters Concerning the Total Ban on the Import of Solid Waste.

On the whole, the domestic and international economic situation may be negatively affected by the epidemic, which will inevitably drag down the growth of MMA downstream demand, and the growth rate of domestic new production capacity is much higher than the growth rate of downstream demand.
It is expected that the domestic MMA industry may usher in more intense in 2021 competition.