17 September 2010 13:49 [Source: ICIS news]
LONDON (ICIS)--INEOS’ 300,000 tonne/year vinyl acetate monomer (VAM) unit in ?xml:namespace>
The company could not confirm the duration or reason for the shutdown but a couple of market sources said the outage was due to last five weeks.
All contractual obligations would be fulfilled during the shutdown, the company source said.
Spot prices for VAM were currently under pressure and were a bit softer again this week, according to ICIS.
Market participants assessed prices between €790-820/tonne ($1,039-1,079/tonne) FD (free delivered) NWE (northwest Europe), down €20/tonne from the previous week.
($1 = €0.76)
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