June US VAM exports up 55% vs year earlier
12 August 2008 19:28 [Source: ICIS news]
HOUSTON (ICIS news)--US exports of vinyl acetate monomer (VAM) in June totalled 52,589 tonnes, up almost 55% compared with 33,952 tonnes a year earlier, the US International Trade Commission (USITC) reported on Tuesday.
June exports were up more than 20% from 43,723 tonnes in May this year.
The major portion of business by US VAM producers now is done overseas because of the soft domestic market in the paints and coatings sector that has been pummeled by the real estate downturn, market sources said.
US Gulf export prices for VAM in the past month have remained in a range of $1,200-$1,250/tonne (€804-838/tonne) FOB (free on board), according to data from global chemical market intelligence service ICIS pricing.
US VAM producers include Celanese, Dow Chemical, DuPont and LyondellBasell.
($1 = €0.67)
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By: Lane Kelley
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