05 September 2007 21:48 [Source: ICIS news]
LONDON (ICIS news)--DuPont has declared force majeure on vinyl acetate monomer (VAM) due to supply issues, the company said on Wednesday.
Customers were told of the force majeure during the weekend, said Cathy Branciaroli, communications officer for DuPont Performance Materials.
Branciaroli would not comment on the scope of the force majeure, its possible duration or the specific causes.
European and North American vinyl acetate monomer (VAM) buyers and sellers had earlier reported that DuPont was experiencing difficulties.
According to a number of market players, DuPont’s 335,000 tonne/year Texas VAM plant at ?xml:namespace>
A distributor source close to DuPont said the LaPorte facility could lose three to four weeks of production.
DuPont consumes most of the VAM that it produces in order to make other materials.
News of problems with VAM production at DuPont comes at a time of tight global supply caused by production difficulties at several major plants and a single prolonged outage at Celanese in Clear Lake, Texas, the world’s largest acetic acid plant.
Buyer sources had recently said that allocation levels had increased from below 10% to at least 50%.
(Additional reporting by Alex Martinos and Brian Ford)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|