In October 2024, the MMA (Methyl Methacrylate) market exhibited contrasting trends between Europe and the United States, reflecting broader economic conditions and demand fluctuations. In Belgium, MMA prices experienced a notable decline of 5.22% month-over-month, attributed to weak demand and an oversupply in the market. This downturn comes amid a fragile economic outlook in Europe, with the GDP growth forecast for 2025 being downgraded, raising concerns among traders about the sustainability of current pricing levels. [6822ed71]
Conversely, the US MMA market saw a modest increase of 1.7% month-over-month, buoyed by resilient economic indicators and a stable domestic supply of feedstock. This divergence highlights the contrasting economic landscapes in the two regions, with the US market benefiting from stronger demand and better supply chain dynamics. Traders remain cautiously optimistic, anticipating a balanced outlook for the fourth quarter of 2024 despite ongoing challenges such as inflationary pressures and potential political volatility. [6822ed71]
The European market is expected to continue facing price softness in the near term, as demand struggles to keep pace with supply. In contrast, the US market's ability to leverage domestic resources positions it favorably, although traders are wary of external factors that could introduce volatility into the market. [6822ed71]