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Updated to Q4 2018
There was increased supply of vinyl acetate monomer (VAM) to the European market in the final quarter of 2018. Players became concerned about the low water levels in the Rhine, and the consequent limitations imposed on logistics. By late October, barge traffic was said to be limited to vessels with a maximum loading capacity of 250-300 tonnes in some reaches of the river, posing challenges for sellers and buyers in Germany. However, this did not disrupt the overall supply from all sources to all customers and destinations.
Demand for VAM in the fourth quarter was mixed. Suppliers said consumption by contract customers continued to be healthy but purchases on the spot market did not appear to have been strong. Differentiated pricing became more evident and probably reflected, at least to a substantial extent, a divide between the two sectors, with a lack of buying appetite partly accounting for a more pronounced slide in spot values than the relatively muted softening in contract numbers.
We offer the following regional Vinyl acetate monomer coverage to keep you informed of factors and developments affecting prices in the Europe 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 reports on vinyl acetate monomer (VAM) in Europe, US and Asia.
In Europe, the report consists of a quarterly contract price and a spot price. Both are quoted on a free delivered (FD) basis in northwest Europe (NWE) and prices are reported in euro per metric tonne.
The contract price is on a quarterly basis and in this market is settled notoriously late at the end of the quarter.
Spot prices reflect business for delivery four weeks forward.
Our report tracks the reasons for price changes in that given week.
Comments on contract talks, spot business, supply and demand issues as well as any pertinent news on imports or production that could be affecting the market.
Succinct updates are also provided for the upstream markets.
Europe is largely dependent on imported material.
The ICIS VAM report is a highly respected and key negotiating source of market information for this industry.
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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