Hamburg (Germany): Vinyl Acetate Monomer (VAM) prices have risen in May xxxx in Europe despite a slowdown in demand, driven by supply tightening and stringent cost control strategies. Prices have been rising since January xxxx in Europe, following the renegotiation of gas and energy supply contracts. March xxxx saw significant developments in VAM and other petrochemical markets as downturns eased partially due to increased operation of European crackers and inventory pressures. The VAM market has largely remained bullish, with PVAc demand from adhesives, packaging, and paints gradually recovering, especially in the Netherlands, France, and Italy. However, production statistics indicate that a full recovery to pre-pandemic levels won&#xx;t occur before xxxx, with prices consistently remaining xxx higher than pre-pandemic levels.
European VAM prices, as assessed by ChemAnalyst, moved upwards by USD xx/MT in the second week of May xxxx, marking a xxx year-to-date increase. This rise is partly...
