07 January 2009 09:54 [Source: ICIS news]
SINGAPORE (ICIS news)--Chinese domestic vinyl acetate monomer (VAM) prices rose 18% this week from late-December levels on emerging supply concerns following widespread and ongoing production cutbacks across Asia that began in the second-half of last year, producers said on Wednesday.
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“Prices are up as supply has tightened since Dairen’s total shutdown at the end of December but supply concerns may be short-lived as soon as the global producer Celanese restarts its plant in Nanjing, China,” a Hong Kong-based producer said in Mandarin, citing fundamentally weak demand as a basis for the conservative outlook.
Celanese’s new 300,000 tonne/year plant at
Major VAM producers in
($1 = CNY6.84)
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