13 January 2009 20:00 [Source: ICIS news]
HOUSTON (ICIS news)--US exports of vinyl acetate monomer (VAM) in November 2008 totalled 20,919 tonnes, down by more than 19% from 25,890 tonnes during the same month a year earlier, the US International Trade Commission (ITC) said on Tuesday.
November exports also were down by almost 30% from 29,689 tonnes in October, the ITC said.
US VAM exports increased by 27% through the first 11 months of 2008 compared with the same period of 2007, reflecting a soft domestic economy that prompted producers to look overseas for much of their sales, market sources said.
US Gulf export FOB (free on board) prices were $1,050-1,250/tonne (€788-938/tonne) over the past month, according to global chemical market intelligence service ICIS pricing.
US VAM producers include Celanese, Dow Chemical, DuPont and LyondellBasell.
($1 = €0.75)
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