US Q3 VAM rises 3 cents/lb on higher feedstock ethylene

02 October 2012 21:58  [Source: ICIS news]

HOUSTON (ICIS)--Third-quarter contracts for US vinyl acetate monomer (VAM) rose 3 cents/lb ($66/tonne, €51/tonne) following the feedstock September ethylene settlement, sources said on Tuesday.

The increase puts US VAM contracts at 57-60 cents/lb, up from 54-57 cents/lb in the second quarter, as assessed by ICIS.

US ethylene is a major VAM feedstock. Ethylene contracts for September settled up by 2.25 cents/lb ($50/tonne, €39/tonne) at 48.25 cents/lb, market sources said.

The US June ethylene contract settled at 39 cents/lb.

The ethylene hike pushed VAM spot prices up for the fourth time in as many months, with free on board (FOB) export prices rising $20/tonne last week to $900-1,000/tonne from $880-980/tonne previously.

Major US VAM sellers include Celanese, Dow Chemical, DuPont and LyondellBasell.

($1 = €0.78)

By: Lane Kelley
+1 713 525 2653

AddThis Social Bookmark Button

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.

Printer Friendly

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