NPRA '11: Celanese declares Europe acetic acid, VAM force majeure

29 March 2011 00:07  [Source: ICIS news]

SAN ANTONIO, Texas (ICIS)--Celanese has declared force majeure (FM) on European acetic acid, vinyl acetate monomer (VAM) and other related products, market sources said on Monday.

A Celanese official on the sidelines of the International Petrochemical Conference (IPC) would not comment on the move and a company spokesman did not immediately respond to phone calls.

It was not immediately clear why the FM had been declared but sources said the impact of Celanese's China operations may have affected European production.

Market sources said the FM was revealed in a recent letter to customers. The letter said Celanese was putting acetic customers on 60% allocation for May and June, and VAM customers on 35% allocation for May and a slightly less allocation in June.

Another source said the letter also stated price increases going into effect on the products as of 1 April.

Hosted by the National Petrochemical & Refiners Association (NPRA), the IPC continues through Tuesday.

For more about ethylene visit ICIS chemical intelligence

By: Lane Kelley
+1 713 525 2653

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