Manzanillo, (Mexico): The Ethylene Vinyl Acetate market in Mexico continues to showcase stability in July as the prices have remained within a narrow range. Market participants have observed that overall packaging demand in Mexico has remained moderate. However, there is an uptick in activity within the country&#xx;s packl?aging sector, signaling improvement in the recent weeks. Despite ongoing pressure to negotiate prices for liner and medium materials, the packaging market demonstrates increased activity compared to the previous month.
Cost-wise, amid increased manufacturing costs of Ethylene Vinyl Acetate, the sellers in the exporting nations sold at higher rates. Ethylene prices in the US market experienced noted further increases following Hurricane Beryl. Logistical disruptions and plant operation issues constrained supply throughout the week, boosting spot activity. Although feedstock Ethane prices continued to decline, providing limited cost support for Ethylene, the tight supply...
