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 Q1 2020
Supply is set to increase compared to the previous quarter as only two plants in northeast Asia are slated to shut. Dairen Chemical Corp is slated to shut from 13 February to 31 March its 120,000 tonne/year plant in Kaohshiung, Taiwan, in tandem with the turnaround schedule at an upstream cracker. Prior to that, Sinopec Sichuan Vinylon would have concluded the shutdown of its 200,000 tonne/year plant in Chongqing, China, by 4 January.
Demand is set to increase amid the lack of plant shutdowns in the downstream EVA sector across Asia, following the completion of maintenance shutdowns in the previous quarter. The utilisation rates at a downstream acrylic fibre (AF) plant in southeast Asia in January are projected at 60-65% of capacity, up from 50-55% of capacity in December. The downstream adhesives industry in India is likewise expected to see increased plant utilisation rates in comparison to December.
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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