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.
Use ICIS information to:
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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 Q3 2017
Supply tightened in Asia as major producers diverted cargoes to Europe amid a shortage of US-origin cargoes in the aftermath of Hurricane Harvey. On 29 August, producers Celanese and Lyondell Basell declared force majeure on vinyl acetate monomer (VAM) supplies from their production sites in Texas, and Dow Chemical implemented a 100% order control in North America. Unexpected production issues at VAM plants in China, South Korea and Saudi Arabia further exacerbated the tight supply conditions in Asia.
Buyers in Asia largely indicated that they would be minimising purchase volumes given the escalating prices. Those who were sidelined by hefty price increases earlier in the quarter were, however, drawn back into the market following news of fresh production issues. Supply tightness in China, on the back of reduced output and ahead of an impending plant shutdown in October, led to what has been described as speculative buying of ethylene-based imports by local traders for the domestic market, or for re-export.
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.