Vinyl Acetate Monomer Weekly Report 25 Nov 2017

Weekly Price Trend: 20-11-2017 to 24-11-2017

• The graph above focuses on the Vinyl Acetate Monomer price trend for the current week.
• There has been hike in domestic values for VAM. This hike has been due to tight supply of the chemical in domestic market.
• By end of the week prices were assessed around Rs.73/Kg for Kandla port and Rs.74/Kg for Mumbai port.

Total import at various ports in the month of October 2017

The above chart depicts the import of VAM at various ports of India in the month of September 2017. There has been reduction in imports in compare to the month of September.
Booking Scenario

The above chart shows the international prices for Vinyl Acetate Monomer. International prices of VAM increased heavily for this week in compare to last Friday’s assessed level.
INDIA & INTERNATIONAL

• VAM prices were assessed at the level of Rs.73/Kg at Kandla and Rs.74/Kg for Mumbai port for bulk quantity.
• On other side, CFR India values increased significantly this week. Prices were assessed in the range of USD 1110-1130/MTS, increased by USD 40/MTS in compare to last week’s closing values.
• On other side there has been hike in Acetic Acid market. Prices were assessed in the range of USD 580-600/MTS. There has been tight supply of Acetic Acid in China market. The market scenario continues to remain tight and firm with constant rise in Acetic Acid values.
• There has been huge cult in the petrochemical production output in China since January to October. On an average production growth has slowdown for 8.5 % to 3.9%. This has been due to extra consciousness of communist government of China in environmental issues. The quality of air has been regarded as worst in Chin since past few years. To overcome such issues the government has decided to put an cult on the petchem production. The Beijing-Tianjin-Hebei Region has been constantly monitored by the government.
• Industry sources expect the environmental measures to be adopted in the eastern and southern parts of China as well, and could mean a further curtailment to the country's overall petrochemical supply that will consequently drive up prices.
• There “is likely to be significant disruption to existing chemicals’ capacity” amid China’s environmental protection campaign.
• Over the last 18 months, the focus on environmental protection and supply reform, such as reducing overcapacity, has intensified in China.
• Thousands of small-scale downstream plants have had to shut following waves of nationwide inspections instigated by China’s Ministry of Environmental Protection (MEP) on domestic factories' compliance with regulations.

$1 = Rs. 64.70
Import Custom Ex. Rate USD/ INR: 66.20
Export Custom Ex. Rate USD/ INR: 64.50