04 January 2012 23:16 [Source: ICIS news]
HOUSTON (ICIS)--Fourth-quarter contracts for US vinyl acetate monomer (VAM) rolled over with a major feedstock settlement, buyers and sellers said on Wednesday.
The rollover keeps US VAM contracts at 57–60 cents/lb ($1,257–1,323/tonne, €968–1,019/tonne), as assessed by ICIS.
Quarterly VAM contracts often settle at the end of the quarter or even a few weeks into the next period because of unsettled contracts in ethylene, which is a crucial VAM feedstock.
VAM contract prices have increased by about 22% from 46–50 cents/lb in January 2011, mainly on higher raw material costs.
FOB (free on board) export prices for VAM are stable at $975–1,100/tonne, sources said.
Major US VAM sellers include Celanese, Dow Chemical, DuPont and LyondellBasell.
For more on VAM visit ICIS chemical intelligence
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections