Vinyl Ester Resins (VER) may oscillate in the coming weeks

Vinyl Ester Resins (VER) is produced by the esterification of Epoxy Resin with unsaturated monocarboxylic acid. According to ChemAnalyst data, the prices of Vinyl Ester Resins were $4865/tonne CFR Qingdao, China, on 25th March. Factors influencing the market sentiments of Vinyl Ester Resins (VER) are the increasing prices of feed Epoxy Resins and the increasing demand from the downstream sectors such as wood coating, automotive, and others.

The prices of Vinyl Ester Resins prices have seen a global growth in the market. Asia Pacific countries like China and India have observed intense demands from the downstream sectors due to their anti-corrosive, durability, and waterproof properties. Furthermore, Vinyl Ester Resins can be used to produce versatile products with better colorant and visual effects. Bullish demand from the construction, aerospace and marine sectors has hiked up Vinyl Ester Resins' prices. Accompanying these factors, the production of Vinyl Ester Resins has halted temporarily due to the lockdown in China. Europe, the Middle East, and African countries may observe more oscillations in the prices of Vinyl Ester Resins as one of the major producers of Resins have set forth the hiked prices of Vinyl Ester Resins (VER) by 150 Euro per ton. Moreover, the trade route has been affected due to the increasing tension between Russia and Ukraine, resulting in supply chain disruption. This activity has forced the manufacturers to increase the production cost of Vinyl Ester Resins in the domestic market.

According to Chemanalyst, the Vinyl Ester Resins (VER) prices will increase in the upcoming months due to the bullish demand from downstream sectors, especially automobile & wood coating sectors, construction, and transportation. The feedstock prices may escalate, directly affecting Vinyl Ester Resins' prices (VER).