Hamburg (Germany): In March xxxx, Methacrylic Acid prices in Germany witnessed a significant surge, marking a bullish trend across the European market. The prices soared to USD xxxx per MT, representing an increase of USD xx per MT or xx compared to the previous month. This sharp uptick was primarily driven by several factors contributing to elevated manufacturing costs and tightened supply dynamics.
One of the key drivers behind the price escalation was the substantial increase in upstream Acetone prices. This surge in Acetone costs, coupled with bullish Crude Oil prices, significantly elevated the manufacturing expenses associated with Methacrylic Acid production. Furthermore, the reduced operating rates of manufacturing firms in the preceding quarters exerted additional supply-side pressure on Methacrylic Acid, contributing to the overall price hike.
Despite a tightening in physical markets driven by seasonal factors and OPEC+ production cuts, the European markets faced challenges stemming...
