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)
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