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.
Updated to Q3 2018
Supply of vinyl acetate monomer (VAM) increased on the completion of plant turnarounds in Taiwan by early September while output in China was high since late August after issues with upstream calcium carbide supplies were resolved.
Demand from the downstream ethylene vinyl acetate (EVA) sector declined amid plant turnarounds in China. Other EVA producers in Asia either shut their plants or swung output to grades with lower vinyl acetate (VA) content in response to weakened demand from the downstream photovoltaic (PV) sector in China after the government’s announcement on 31 May to strictly control PV installations as well as reduce feed-in tariff (FIT) rates for distributed PV systems.
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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Vinyl acetate monomer (VAM) is used in water-based paints, adhesives, acrylic fibres, paper coatings and non-woven binder applications.
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.
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