Asian Chemical Connections
US vinyl acetate monomer export prices jumped by another $100/tonne on a force majeure declared by DuPont, a sales allocation by another producer and other plant issues, sources said on 10 March.
The latest jump puts VAM at $1,335-1,435/tonne FOB (free on board), the fourth increase in a little over a month and the second $100/tonne hike in a week. The hike puts VAM FOB prices up by 33% so far this year.
INSIGHT: Shell has decisions to make alongside Moerdijk headaches
"Much is being made of Shell's decision to cut capital spending by $15bn over the next 3 years, a greater cut than those announced by other oil & gas
VIDEO: ICIS special report - impact of lower crude oil prices