12 April 2011 22:28 [Source: ICIS news]HOUSTON (ICIS)--US vinyl acetate monomer (VAM) exports rose by 7% to 34,106 tonnes in February from 31,985 tonnes in the same month of 2010, according to US International Trade Commission (ITC) data released on Tuesday.
Strengthening demand in Mexico and Brazil accounted for the increase. Those two countries took 2,855 tonnes more during February compared with the same month in 2010.
Mexico received 4,673 tonnes compared with 3,702 tonnes in February last year, and Brazil received 4,668 tonnes compared with 2,784 tonnes in February 2010.
In the first two months of 2011, six countries - Belgium, Mexico, Canada, Turkey, Brazil and India - received 75% of all VAM exports.
Inquiry notes filed with the EU in December of 2010 alleged that US VAM makers dumped below-cost product in Europe.
ICIS assessed VAM US Gulf coast prices at $1,000–1,250/tonne (€690-863/tonne) free on board (FOB) over the past month.
Major US VAM sellers include Celanese, Dow Chemical, DuPont and LyondellBasell.
($1 = €0.69)
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