Brazil VAM buyers find Chinese prices 15% lower, or US$200-US$300/tonne, than US prices; US prices higher due to supply constraints caused by force majeures, scheduled maintenances and sales allocations
July 7, 2014 (ICIS Chemical Business ) – On 17 Jun 2014, a consumer of vinyl acetate monomer (VAM) in Brazil noted that it has sourced its supply from China rather than the US. The company noted that the US prices are $200-300 higher than the prices offered by suppliers from China. China rates for VAM are about $1400/tonne free on board (FOB), 15% lower than US rates of $1600-1700/tonne. Prices of VAM in the US are higher due to supply constrains caused by force majeures, scheduled maintenances, and sales allocations. A line graph, entitled US vs China VAM, shows the comparison of VAM prices in the US and China from Jun 2013 to Jun 2014, expressed in $/tonne, spot CFR China Main Port and US FOB export. Original Source: ICIS Chemical Business, http://www.icis.com/, Copyright Reed Business Information Limited 2014.