14 May 2013 23:02 [Source: ICIS news]
HOUSTON (ICIS)--US vinyl acetate monomer (VAM) spot prices fell $50/tonne ($39/tonne) during the past week because of plants restarting after turnarounds, sources said on Tuesday.
The VAM export range is now $950-1,050/tonne FOB (free on board), compared with $1,000-1,100 previously.
A buyer said the price drop stemmed from weak demand and the restart of DuPont and Dow Chemical VAM plants. Dow did not return a call immediately on Tuesday seeking information about the restart.
Celanese’s VAM plant also has had a turnaround this month. A buyer said that plant developed a reactor problem in the restart but that the issue had been resolved.
Celanese did not return a call immediately seeking information on the plant.
US VAM sellers include Celanese, Dow Chemical, DuPont and LyondellBasell.
($1 = €0.77)
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