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Updated to Q3 2021
There is general agreement that more material is likely to become available in Q3. Price increases for monthly contracts, which had risen for ten months in succession, were followed by a rollover in June and a fall in spot values, indicating mounting confidence about increased supply ahead. However, constraints remain and a continued squeeze on acetic acid will keep VAM production on a leash.
The path of demand for Q3 is unclear. There is a continuing momentum behind economic growth as the pandemic recedes and pent-up business activity is released. On the other hand, some consumers said that while still healthy, consumption has steadied. There could be a temporary slowdown in August due to holidays, but it may be less than in a typical year.
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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