US Q1 VAM production down 35% year on year - NPRA

14 May 2009 17:29  [Source: ICIS news]

HOUSTON (ICIS news)--US vinyl acetate monomer (VAM) production was at 519m lbs (235,000 tonnes) in the first quarter of 2009, with little change from the fourth quarter but down 35% from the same quarter of 2008, the National Petrochemical & Refiners Association (NPRA) said on Thursday.

The year-over-year drop reflects the ongoing US recession, and particularly the plunge in domestic housing sales and the architectural paints and coatings sector. The fall also stems from the global economic downturn that has prompted market participants to cut back on production due to slumping VAM prices.

The NPRA data was based on input from four companies - Celanese, Dow Chemical, DuPont and LyondellBasell. The industry association did not report VAM inventory data.

VAM production, in thousands of pounds:

Q1 2008

Q2 2008

Q3 2008

Q4 2008

Q1 2009

799,797

836,462

637,121

520,332

519,093

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By: Lane Kelley
+1 713 525 2653



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