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: Anxiety over global demand for crude centres on China
“Part of China’s ‘new normal’ is that ‘big stimulus’ won’t be called for every time growth decelerates.”
VIDEO: ICIS Special Report - C3 value chain, early autumn