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Updated to Q4 2020
Supply will probably increase over the next three months. In early October this is far from certain because the market is tight due to shutdowns in various places. Most notably there is a major turnaround at Clear Lake, Texas. However, the Celanese Frankfurt facility has returned to operation and the turnaround should have ended by early November. This should mean higher output later in the quarter.
All the signs at the opening of the fourth quarter are that downstream markets are returning to more normal levels of activity, implying heightened demand in this period. However, normality also usually signifies a tailing off of orders from late November for many VAM buyers.
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.
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