In China, under the high market pricing, the overall dealing sentiment has moderated significantly, the fundamental factors of short-term supply and demand have limited changes. The short-term price is expected to continue to consolidate at a high level.
In Southeast Asia, pricing rises as supply meet problems. Due to loading woes in CJK in China and unexpected high amount of demurrage, cargos from China are constrainted. Japan origin cargos are badly limited because of lack of upstream feedstock and stocking up for maintenance shutdown in early next year.
In China, pricing has been in upward trend domestically, following the general wave in China industries. Export pricing appears on a strong gesture, however, doesn't follow the rise in home closely. In Europe, demand and supply stay in more balanced compared to many other chemicals which follow energy to increase in pricing. MMA pricing is dripping down and demand is weakening. In North America, supply recover well as Lucite has generally come back, by which import from Asia has been slapped.