new middle east capacity arriving soon after lengthy ... · 360 kt/yr oct* brazil memphis beaumont...

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ASIA AFRICA EUROPE Notes:*According to market sources PETRO RABIGH 90,000 tonnes/year SAMAC SAUDI ARABIA SAUDI A BIA A S AS S SA S A ARAB A ARAB Q4 arrival Sumitomo moving MMA from Asia to the Middle East for PMMA production in mid 2017.* SAMAC plant in Q4 MMA to be produced in H1 2018* PMMA to be manufactured in late 2017* MMA to be manufactured in Q3 2017 PMMA to be produced in late Q4 2017 250,000 tonnes/year KEY MMA flows PMMA flows NEW MIDDLE EAST MMA AND POLYMETHYL METHACRYLATE (PMMA) CAPACITY BRAZIL CASSEL WESSLING WORMS MEMPHIS BEAUMONT DEER PARK EVONIK 220 KT/YR Sep LUCITE INT. 155 KT/YR Since Jan force majeure Sept-Oct Planned maintenance EVONIK 95 KT/YR Jun ARKEMA 90 KT/YR Aug LUCITE INT. 200 KT/YR DOW CHEMICAL 360 KT/YR Oct* BRAZIL MEMPHIS BEAUMONT CHINA LUCITE INT. 155 KT/YR Jan-Feb 17 Planned maintenance August force majeure UPCOMING EUROPE AND US MAINTENANCE KEY Planned maintenance Force majeure Sales control Imports NEW MIDDLE EAST CAPACITY ARRIVING SOON AFTER LENGTHY GLOBAL MMA SUPPLY SHORTAGE New capacity in the Middle East is fast approaching and with it comes a potential turning point in the global methyl methacrylate (MMA) markets, after a prolonged period of supply shortage. Volumes from Saudi Methacrylates (SAMAC), a joint venture between Mitsubishi Rayon Company (MRC) and SABICS’s 250,000 tonne/ year plant, are expected to hit the market in the fourth quarter. After a lengthy period of soaring prices, players are beginning to ask if the worst of the supply constraints is over.

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Page 1: New Middle East Capacity Arriving Soon After Lengthy ... · 360 KT/YR Oct* BRAZIL MEMPHIS BEAUMONT CHINA LUCITE INT. 155 KT/YR Jan-Feb 17 ... period of supply shortage. Volumes from

ASIA

AFRICA

EUROPE

NotesAccording to market sources

PETRO RABIGH

90000 tonnesyear

SAMAC

SAUDI ARABIASAUDI

ABIAAS

AS

SSASAARABAARAB

Q4 arrivalSumitomo moving MMA from Asia to the Middle

East for PMMA production in mid 2017

SAMAC plant in Q4

MMA to be produced in H1 2018

PMMA to be manufactured in late 2017

MMA to be manufactured in Q3 2017

PMMA to be producedin late Q4 2017

250000 tonnesyear

KEY

MMA ows PMMA ows

NEW MIDDLE EAST MMA AND POLYMETHYL METHACRYLATE (PMMA) CAPACITY

BRAZIL

CASSEL

WESSLINGWORMS

MEMPHIS

BEAUMONTDEER PARK

EVONIK220 KTYR

Sep

LUCITE INT155 KTYR Since Jan

force majeureSept-OctPlanned

maintenance

EVONIK95 KTYR

Jun

ARKEMA90 KTYR

Aug

LUCITE INT200 KTYR

DOW CHEMICAL360 KTYR

Oct

BRAZIL

MEMPHIS

BEAUMONTCHINA

LUCITE INT155 KTYR Jan-Feb 17

Planned maintenanceAugust force

majeure

UPCOMING EUROPE AND US MAINTENANCE

KEY

Planned maintenance Force majeure Sales control Imports

NEW MIDDLE EAST CAPACITY ARRIVING SOONAFTER LENGTHY GLOBAL MMA SUPPLY SHORTAGENew capacity in the Middle East is fast approaching and with it comes a potential turning point in the global methyl methacrylate (MMA) markets after a prolonged period of supply shortage Volumes from Saudi Methacrylates (SAMAC) a joint venture between Mitsubishi Rayon Company (MRC) and SABICSrsquos 250000 tonneyear plant are expected to hit the market in the fourth quarter After a lengthy period of soaring prices players are beginning to ask if the worst of the supply constraints is over

NEW MIDDLE EAST CAPACITY ARRIVING SOONAFTER LENGTHY GLOBAL MMA SUPPLY SHORTAGE

EUROPE MMA MONTHLY CONTRACT PRICES IN 2017 EUROPE MMA SPOT PRICES IN 2017

You can rely on ICIS for all your market intelligence needs

PRICING INFORMATION ICIS Pricing offers

l Spot and contract assessmentsl Market commentary on trends and

business developmentsl Transactions reported and confirmedl Plant and production news

SUPPLY AND DEMAND DATA

Supply and demand data enables you to

l Identify evaluate and optimiseopportunities

l Identify and manage financial orinvestment risk

l Validate commercial and growthstrategies

EVENTS

At ICIS events

l Gain in-depth information on marketsl Meet key industry playersl Network with an array of market

participants

NEWS INFORMATION

ICIS News brings you

l Real-time news round-the-clockl Market analysisl Plant and project news

FORECAST REPORTS

Choose ICIS Price Forecast reports to

l Settle contract pricesl Review your market positionl Make production or commercial

decisionsl Buy or sell with confidence

DIGITAL CHEMICAL BUSINESS MAGAZINE

ICB magazine covers

l Key issues driving the petrochemicalmarkets including price trends andprojects

1500

2000

2500

3000

JulJunMayAprMarFebJan

eurot

onne

FD

NW

E

2017

European MMA contract prices have increased significantly this year Triple-digit hikes have become commonplace with the global supply shortage driving the upward pricing trend

2710

MMA FD NWE Contract Price Assessment Contract Month Contract Survey (Mid)

1500

2000

2500

3000

3500

AugJulJunMayAprMarFebJan

eurot

onne

FD

NW

E

2017

Europe MMA spot prices have soared this year Prices remain very high and spot availability is limited Further production problems in America are expected to reduce import volumes in Europe

3250Asian and Brazilian

imports arrive

MMA FD NWE Assessment Spot Full Market Range (Mid)

Lucite International Beaumont Texas

force majeure

Request a sample report Enquire about our supply and demand database

Enquire about training and conferences

Request a free trial of ICIS news Enquire about the price forecast reports Download a free sample now

bishopr
Comment on Text
capitalize f
Page 2: New Middle East Capacity Arriving Soon After Lengthy ... · 360 KT/YR Oct* BRAZIL MEMPHIS BEAUMONT CHINA LUCITE INT. 155 KT/YR Jan-Feb 17 ... period of supply shortage. Volumes from

NEW MIDDLE EAST CAPACITY ARRIVING SOONAFTER LENGTHY GLOBAL MMA SUPPLY SHORTAGE

EUROPE MMA MONTHLY CONTRACT PRICES IN 2017 EUROPE MMA SPOT PRICES IN 2017

You can rely on ICIS for all your market intelligence needs

PRICING INFORMATION ICIS Pricing offers

l Spot and contract assessmentsl Market commentary on trends and

business developmentsl Transactions reported and confirmedl Plant and production news

SUPPLY AND DEMAND DATA

Supply and demand data enables you to

l Identify evaluate and optimiseopportunities

l Identify and manage financial orinvestment risk

l Validate commercial and growthstrategies

EVENTS

At ICIS events

l Gain in-depth information on marketsl Meet key industry playersl Network with an array of market

participants

NEWS INFORMATION

ICIS News brings you

l Real-time news round-the-clockl Market analysisl Plant and project news

FORECAST REPORTS

Choose ICIS Price Forecast reports to

l Settle contract pricesl Review your market positionl Make production or commercial

decisionsl Buy or sell with confidence

DIGITAL CHEMICAL BUSINESS MAGAZINE

ICB magazine covers

l Key issues driving the petrochemicalmarkets including price trends andprojects

1500

2000

2500

3000

JulJunMayAprMarFebJan

eurot

onne

FD

NW

E

2017

European MMA contract prices have increased significantly this year Triple-digit hikes have become commonplace with the global supply shortage driving the upward pricing trend

2710

MMA FD NWE Contract Price Assessment Contract Month Contract Survey (Mid)

1500

2000

2500

3000

3500

AugJulJunMayAprMarFebJan

eurot

onne

FD

NW

E

2017

Europe MMA spot prices have soared this year Prices remain very high and spot availability is limited Further production problems in America are expected to reduce import volumes in Europe

3250Asian and Brazilian

imports arrive

MMA FD NWE Assessment Spot Full Market Range (Mid)

Lucite International Beaumont Texas

force majeure

Request a sample report Enquire about our supply and demand database

Enquire about training and conferences

Request a free trial of ICIS news Enquire about the price forecast reports Download a free sample now

bishopr
Comment on Text
capitalize f