Vinyl Acetate Monomer (VAM) supply margins remained tighten in September, preliminary estimates undertaken by ChemAnalyst revealed. With Celanese lifting their force majeure on VAM sales last month, the supply situation continues to remain tightened at the polymerization end and integrated margins currently face challenges across the Western hemisphere, ChemAnalyst assessed. Last week, Dow, a major player of intermediate VAM supplier for US and Western hemisphere decided to revise their Qx performance, with EBIDTA to Revenue reaching xxx for Qx. Due to unfavorable weather seen throughout mid-September and cyclonic actions, prices of basic feedstocks like methanol, acetic acid and VAM for the supply of adhesives, EVA copolymers and other chemicals have been disrupted.
In September, as per ChemAnalyst’s latest assessment Vinyl Acetate FOB Texas was assessed around USD xxxx/MT. The prices recovered after Celanese hit FM on feedstock supply in June to ease the de-stocking effect as...
