News Releases 2010
Price Revisions for Domestic Shipments of MMA Monomer, PMMA, etc.
May 26, 2010
Kuraray Co., Ltd.
Kuraray announces its decision to increase the domestic shipment prices of methyl methacrylate (MMA) monomer, methacrylic acid (MAA) and polymethacylate (PMMA) resins for injection molding PARAPET The price revisions are as outlined below.
Background to Price Revisions
- (1) Demand trends
- There has been flourishing demand for MMA monomer and for PMMA in particular for use in optical applications. Demand for MAA, which is used to make coatings and adhesives, has also been favorable. Supplies of all these products remain tight, primarily in Japan and the rest of Asia.
- Against a backdrop of vigorous demand, primarily for optical materials for LCD light guides, the supply-demand balance of PMMA resins in Japan and the rest of Asia also remains tight.
- (2) Raw material cost trends
- Rises in the prices of such key materials as acetoneas well as auxiliary material costs caused by crude oil and naphtha price hikes have brought about a rapid deterioration in the Company's earnings from MMA monomer, MAA and PMMA.
In light of these circumstances, Kuraray has decided to implement price revisions to maintain a stable supply and to improve profitability in this business. Details of the price revisions are as follows.
Scope of Revisions and Price Increases
|MMA monomer and MAA
|PARAPET PMMA molding material
Domestic shipments from June 10, 2010