Vinyl acetate monomer (VAM) prices in the U.S. declined during the first half of February xxxx due to weak demand and stable feedstock costs. The price drop was influenced by subdued purchasing from downstream industries, including ethylene vinyl acetate (EVA) producers. Additionally, high inventory levels and sluggish housing market activity further contributed to the downtrend.
VAM, a key component in adhesives, paints, coatings, and packaging, saw reduced demand due to seasonal slowdowns and broader economic factors. Acetic acid, the primary feedstock for VAM, remained stable. The lack of upward price movement in acetic acid, coupled with declining methanol costs, exerted downward pressure on VAM pricing. As per the latest assessment, the market prices of Vinyl Acetate Monomer FOB Texas stood at USD xxx/MT in the week ending on xth February xxxx.
The downstream ethylene vinyl acetate (EVA) sector continued to struggle with weak...
