SMS Image

Price Alerts

News Image

Chemical News

Report Image

Market reports

Report Image

Historical Data

Try free for 30 days


Free Trial

Vinyl Acetate Monomer Weekly Report 22 Sep 2018

Weekly Price Trend: 17-09-2018 to 21-09-2018

 

  • The graph above focuses on the Vinyl Acetate Monomer price trend for the current week.
  • This week there has been slowdown in domestic values. Impact of fluctuation in crude values has also manipulated the domestic prices for VAM. The impact of slowdown in Acetic Acid prices has now reduced and prices are no ore under its influence.
  • By end of the week prices were assesssed around Rs.88/Kg for Mumbai port Rs. 89/Kg for Kandla port.

Total VAM imports in the month of August 2018


The above chart depicts the import of VAM at various ports of India in the month of August 2018
Booking Scenario

The above chart shows the international prices for Vinyl Acetate Monomer. International prices of VAM reduced heavily for this week. VAM with zero duty was available at USD 1100/MT in for traders.

INDIA & INTERNATIONAL

  • VAM prices were assessed at the level of Rs.88/Kg at Kandla and Rs.89/Kg for Mumbai port bulk quantity.
  • With correction of Acetic Acid prices, there has been correction in the values for VAM.
  • With imposition of US tariffs on China the impact will be hurting the economies of the Asian countries. The effect will come into existence on 24 of this month. Still international market is yet to digest this sanctions, the US government has come up with fresh set of tariffs. The current tariffs are 10% and will rise to 25% from 1st Jan 2019.
  • China in response to July sanctions has already imposed tariffs on imports from US. They may plant to retaliate further with this new announcement.
  • There are many chemical products which are included in the $200 bn list of tariffs. Benzene, Phenol, Toluene, Petroleum Oils, Ethylene ,Propylene, o xylene, mixed xylene, para xylene, styrene, cumene methanol are some of the crucial chemicals listed in this list.
  • To retaliate back China will soon put forth its own lists of products. China has previously announced a 5%-25% tariffs on $60bn worth of US goods as its countermeasure to a further tariff action by the US. The US President has already announced it will impose tariffs on further $267bn worth of Chinese goods if China chose to retaliate again.
  • Crude prices are making new heights. On Thursday prices slightly eased with US president urging OPEC to bring prices down. Experts believe that Brent will soon cross the mark of USD 80 after gap of four years. US President would least want the crude prices to go high with mid election in next few months.
  • The Iranian sanctions are making hard for the Asian countries which are the consumers of Iranian crude. Many buyers have already cut Iranian purchases ahead of the new regulations. It is unclear whether producers such as Saudi Arabia, Iraq and Russia can compensate for lost supply.
  • The Organization of the Petroleum Exporting Countries and other producers, including Russia, meet on Sunday in Algeria to discuss how to allocate supply increases to offset the loss of Iranian barrels.

 

$1 = Rs. 72.19
Import Custom Ex. Rate USD/ INR: 73.65
Export Custom Ex. Rate USD/ INR: 71.95