11 March 2010 21:01 [Source: ICIS news]
HOUSTON (ICIS news)--US exports of vinyl acetate monomer (VAM) in January totalled 44,911 tonnes, almost double the 22,811 tonnes shipped abroad during the first month of 2009, the US International Trade Commission (ITC) said on Thursday.
Market sources attributed the jump to recovering demand and an especially weak month in January 2009, during the initial phase of the global economic downturn. Plant outages have also tightened the VAM market recently, sources said.
However, January VAM exports dropped almost 20% from December, when 55,981 tonnes were shipped.
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US Gulf coast export FOB (free on board) prices ranged $765-950/tonne (€558-694/tonne) over the past month, according to global chemical market intelligence service ICIS pricing.
Major US VAM sellers include Celanese, Dow Chemical, DuPont and LyondellBasell.
($1 = €0.73)
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