11 February 2009 21:20 [Source: ICIS news]
HOUSTON (ICIS news)--December 2008 US VAM exports fell by 49% to 22,995 tonnes from the same month of 2007, the US International Trade Commission (ITC) said on Wednesday.
The falloff reflects the recession in the ?xml:namespace>
December exports rose about 10% over 20,919 tonnes in November 2008, according to the data.
US exports of VAM in 2008 totalled 455,627 tonnes, up 18% over 386,053 tonnes in 2007, the ITC said.
US Gulf coast export FOB (free on board) prices were $850-1,150/tonne (€663-897/tonne) over the past month, according to global chemical market intelligence service ICIS pricing.
Major US VAM producers include Celanese, Dow Chemical, DuPont and LyondellBasell.
($1 = €0.78)
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