Vinyl Acetate Monomer prices held steady amidst the limited demand outlook and the tight supplies of the commodity in the domestic market. Major petrochemical units went offline amidst such havoc. It was also reported that INEOS cracker was damaged due to the category x hurricane. In this context, the prices of Vinyl Acetate Monomer remained steady in US, assessed by ChemAnalyst around FOB Texas USD xxxx/MT in the week ending on xxth July xxxx.
Vinyl Acetate Monomer (VAM) prices were assessed around USD xxxx/MT in the last week of June. This situation was also reflected in the upstream methanol price revision. Hurricane Beryl’s impact on VAM prices in the subsequent week has been minimal due to strong inventories built up in US.
From demand side, US domestic VAM demand weakened after US Census Bureau released housing permits data for May. According to data, building...
