ICIS has a network of locally based reporters providing coverage of regional Vinyl acetate monomer markets. They provide not just pricing information, but an in-depth understanding of the factors driving prices and market fluctuations.
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Vinyl acetate monomer news and market information products from ICIS
We offer the following regional Vinyl acetate monomer coverage to keep you informed of factors and developments affecting prices in the Asia Vinyl acetate monomer marketplace.
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News & Analysis - News & market analysis specifically relating to Vinyl acetate monomer
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Insight and analysis of factors driving prices.
Updated to Q4 2016
Asia’s VAM spot prices gained 1.75% to 4.45% in October, bolstered by firmer acetic acid feedstock values and tightened supply amid the maintenance shutdown of two VAM plants in China from 10 October to 10 November. However, ample buyers’ inventories on the back of stiff competition among suppliers coupled with reduced downstream plant operating rates in November in southeast Asia and India, eroded prices in Asia into early December. Downstream plant utilisation rates in southeast Asia and India in October and November were reduced to around 75-80% and 70%, respectively, due to different reasons including depressed derivative pricing, production swings to other better yielding products and seasonal factors. In India, manufacturing was affected in the latter half of November by a drastic drop in consumption following the government’s move on 9 November to demonetise Rs500 and Rs1,000 notes in a bid to curb black money. By early December, a combination of mounting feedstock ethylene costs and firmer VAM pricing in the key China market for a second straight week prompted producers to eye higher selling price targets for January shipments. A couple of producers opted to withdraw from the Asian market for additional December sales as prices of around $700/tonne CFR Asia were deemed to be unworkable. Prices were assessed at a 0.75% to 2.10% increase by 9 December, with the exception of the India market.
ICIS covers the Asia-Pacific vinyl acetate monomer (VAM) market and provides four key price assessments reflecting import prices for 500 to 2,000 tonne cargoes in northeast Asia (NE Asia), southeast Asia (SE Asia), south Asia and China.
The cost & freight (CFR) NE Asia spot quote reflects transactions and market discussions in the region. The assessment may reflect domestic prices in Korea and Taiwan.
Domestic trades with Singapore, Indonesia, Malaysia and Thailand are also taken into consideration in the final assessment of CFR SE Asia prices.
Access to our global reporting network is important for monitoring shifting trade flows from Europe and the US, as more countries target China because of the global economic slowdown.
Our commentary includes information regarding China’s domestic transactions and market conditions, as key market participants in China often refer to our spot prices as a reference to how much they might consider paying for imports.
We work closely with our colleagues in China who have access to comprehensive information on the Chinese domestic market.
Additionally, trades for bulk cargos into west coast Indian ports and Pakistan are covered in the CFR south Asia range.
Many producers, consumers and traders that contribute to the ICIS VAM report in Asia reference their monthly settlement prices from our numbers. Our customers are, therefore, assured of accurate and representative market intelligence.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Vinyl acetate monomer. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Vinyl acetate monomer, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.