VAM contracts in Europe on April 4 at €1,200-€1,600/tonne free delivered northwest Europe while March contract prices were at €985-€1,105/tonne free delivered northwest Europe; some buyers will likely switch to alternative products

LONDON , May 9, 2014 () – Apr vinyl acetate monomer (VAM) contracts in Europe have been indicated at EUR 1200s -1600s/tonne free delivered (FD) northwest Europe (NWE) on 4 Apr 2014. Mar contract prices were at EUR 985-1105/tonne FD NWE. Buyers in some sectors will likely switch to alternative products such as n-butanol (NBA), said one source. According to ICIS assessment, spot prices dropped by EUR 100-120/tonne and are in the range of EUR 1400-1720/tonne FD NWE the week ended 4 Apr. During the same week, no spot deals were heard done in Asia for shipment to Europe although VAM was offered at $1400/tonne FOB China, $1700/tonne FOB northeast Asia and $2000/tonne FOB (free on board) southeast Asia. One producer has indicated its Apr contracts at EUR 1400-1450/tonne FD NWE, an increase of EUR 400/tonne from Mar. Another producer said that all of its Apr contracts have been settled at EUR 1580-1650/tonne FD NWE. A buyer has agreed to buy Apr contracts at around EUR 1250/tonne FD NWE, a EUR 250/tonne increase from Mar. A second buyer had settled its Apr contracts at EUR 1400/tonne FD NWE, while other buyers were concluding their contracts at EUR 1500-1600/tonne FD. One contractual supplier plans to implement increases of EUR 300-350/tonne for Apr, while another is targeting increases of about EUR 200/tonne. In the spot market, prices have dropped due to the arrival of numerous Asian iso-tanks. One buyer had bought VAM for Apr delivery at about EUR 1550/tonne FD the prior week, and had been offered material at EUR 1400s/tonne FD for May delivery the week ended 4 Apr. Another spot buyer indicated prices at EUR 1400-1590/tonne FD for Apr delivery. One spot re-seller said it had sold tonnes at EUR 1680/tonne FD the week ended 4 Apr. Chinese iso-tanks are offered at EUR 1400s/tonne FD. A second re-seller indicated spot prices at EUR 1600-1720/tonne FD.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.