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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Updated to Q1 2018
Supply tightened in Q1 after the shutdown of China’s Sinopec Sichuan Vinylon Works’ 500,000 tonne/year VAM production facility from late December until the first half of February due to a shortage of natural gas feedstock, during the winter heating season. The rise in feedstock ethylene prices from November to early January also prompted another major VAM producer to shut its China-based plant from 13 February to 8 March. The turnaround season at plants in Taiwan and Japan from late February onwards also curtailed supply.
Demand was buoyant in the key South Korea market. Downstream ethylene vinyl acetate (EVA) producers in South Korea were focusing their output on EVA grades with a higher proportion of vinyl acetate (VA) content in 2018, due to better yields than lower VA content grades. However, demand in the key south Asia market of India was weak, as buyers were averse to being saddled with inventories on an anticipated slowdown in demand ahead of the financial year end in March.
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.