Texas (USA): Vinyl Acetate Monomer (VAM) prices stabilized in the first week of March xxxx, with feedstock acetic acid and ethylene prices showing a bearish trend amidst declining trades and exchanges. Stabilization in prices was achieved after a month of a strong bullish trend observed in January, with prices rising by xxx. The bearish trend in feedstock acetic acid prices corresponds to the long-term demand cycle of VAM and other downstream derivatives, with the FYxx US domestic markets expected to remain weaker until the first half of FYxx, with recovery being projected by the end of FYxx. ChemAnalyst’s forecast now revises the recovery post-summer in VAM and acetic acid markets.
In US markets, VAM prices recovered to USD xxxx/mt by the end of February in the domestic territories as LyondellBasell and Celanese halted production, with Force Majeure on acetic acid and VAM supplies observed throughout QxFYxx. Price...
