VAM Methodology Consultation – Summary of responses
Following the recent announcement that ICIS would be launching a formal methodology consultation process, we have received a number of responses from key market players. To read the anonymised public responses please click on the links below.
ICIS received in total 5 responses to the Vinyl Acetate Monomer Methodology Consultation.
ICIS Initial Decision
There were five responses to the global consultation.
There was consensus that the current methodology is relevant to the market.
On the specific question about expanding the range of customer sizes covered by the European VAM contract price assessment, all the respondents confirmed that the range should be widened to cover larger customers. ICIS has decided to include consumers of 10,000-50,000 tonnes/year. This will be implemented from May 2014.
The majority of respondents were in favour of discontinuing the Europe quarterly contract assessment. It was noted that subscribers could calculate their own quarterly price from the three monthly contract price assessments. This will be implemented from June 2014.
To provide further comments or feedback on the ICIS VAM methodology, please contact:
Barbara Ortner: Barbara.Ortner@icis.com
Sam Weatherlake: Sam.Weatherlake@icis.com
Helen Lee: Helen.Lee@icis.com
Lane Kelley: Lane.Kelley@icis.com
