13 January 2012 21:44 [Source: ICIS news]
HOUSTON (ICIS)--US vinyl acetate monomer (VAM) exports continued to drop in November and fell almost 44% year on year, according to US International Trade Commission (ITC) data released on Friday.
US VAM exports totalled 29,786 tonnes in November, compared with 52,973 tonnes in the same month of 2010.
The falloff coincided with the European Commission slapping anti-dumping duties on US VAM producers.
The two EU-based producers whose complaints prompted the duties – INEOS and Wacker Chemie – withdrew their complaints in late October and early November.
The European Commission officially ended the duties this week.
Nearly all of the decline in US VAM exports came from two of the top destinations, Belgium and China. Those two countries took only 4,916 tonnes in November, compared with 27,079 tonnes in the same month of 2010.
Major US VAM sellers include Celanese, Dow Chemical, DuPont and LyondellBasell.
For more on VAM visit ICIS chemical intelligence
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