Vinyl Acetate Monomer Prices Delaying Any Recovery in China
- 10-Aug-2022 2:23 PM
- Journalist: Nina Jiang
Qingdao, China: The price of Vinyl Acetate Monomer (VAM) in China has rapidly declined over the past weeks. Vinyl Acetate Monomer (VAM) prices have been steadily falling, only to reach below their average value in the domestic market. Any recovery in the VAM market is not expected shortly. The manufacturer prices have fallen in step with market activity. The sale of Vinyl Acetate Monomer (VAM) has decreased across the country. This, in turn, caused the market for Vinyl Acetate Monomer (VAM) to keep declining.
The region's Vinyl Acetate Monomer (VAM) market has been declining due to low start-up and production costs. Additionally, there has been a significant decrease in the price of the upstream components like the feedstock Acetic Acid and Methanol. Vinyl Acetate Monomer (VAM) has a declining market value. A significant contributing cause to the sharp decline in VAM market value has also been noted as being insufficient enterprise transportation.
The sluggish downstream demand for Vinyl Acetate Monomer (VAM) also contributes to the product's declining value. On the other hand, since Vinyl Acetate Monomer (VAM) isn't in high demand, there is a good supply and an excess inventory. These elements have collectively been impacting the market and lowered the price of Vinyl Acetate Monomer (VAM). The market's driving forces have therefore lessened, and the downward trend has grown stronger, resulting in the current situation in the Vinyl Acetate Monomer (VAM) market.
According to ChemAnalyst anticipations, "For the next few weeks, the Vinyl Acetate Monomer (VAM) market will exhibit a downward pricing trend. Furthermore, the price trend of Vinyl Acetate Monomer will continue to be negative until demand from end-user sectors, including paints, coatings, adhesives, and sealants, improves. However, the price of Vinyl Acetate Monomer would probably rise if the cost pressure grew, and the value of the feedstock Acetic Acid rises along with it."