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Americas: Celanese raises 5 cts/lb VAM prices in North America from May 1

Increase font size  Decrease font size Date:2011-04-21   Views:963
Celanese Corporation announced a hike of 5 cents/lb for its North American vinyl acetate monomer (VAM) prices effective May 1 or as contracts allow, the company said in a letter sent to its customers Tuesday.

The company also increased its VAM contract prices for May in Central and South America to $1,110/mt.

According to company sources, the hike was based on tight supply and price increases on feedstock ethylene and ethane.

In the last month, US VAM prices have been escalating above $1,100/mt FOB USG levels due to supply shortage after LyondellBasell's 36,000 mt/year VAM plant in La Porte, Texas, was declared in force majeure last March.

Additionally, reports of an unplanned outage at Celanese's 300,000 mt/year VAM plant in Nanjing, China, also put pressure in VAM global prices.

 
 
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