According to the ChemAnalyst, “The Vinyl Acetate Monomer Prices continued their bearish trend throughout the fourth quarter of FY23. A drop of 8% Q-o-Q was observed as LyondellBasell and Celanese undertook significant Force Majeure to control the prices and supply. Feedstock prices stabilized amidst tightening of supply in the quarter.”
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Vinyl acetate monomer (VAM) prices have been subject to various factors influencing supply and demand dynamics in recent years. VAM, a key chemical intermediate used in the production of various polymers and resins, has witnessed fluctuations in its pricing due to shifts in feedstock costs, market demand, and geopolitical factors. The pricing of VAM is intricately linked to the cost of its primary raw materials, such as ethylene and acetic acid, both of which are derived from petrochemical feedstocks. Fluctuations in crude oil prices, influenced by global economic conditions, geopolitical tensions, and supply-demand dynamics, directly impact the cost of these raw materials, consequently affecting VAM prices.
Furthermore, market demand for VAM is influenced by downstream industries such as adhesives, coatings, and textiles, which in turn are influenced by factors like construction activity, consumer spending, and industrial production. Changes in consumer preferences and environmental regulations also play a role in shaping the demand for VAM-based products. Additionally, factors like capacity expansions or shutdowns in VAM production facilities, trade policies, and currency exchange rates contribute to price volatility in the VAM market. Overall, the pricing of VAM is a complex interplay of multiple factors reflecting the broader economic and industrial landscape.
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