Asia's vinyl acetate monomer (VAM) for October shipments is set to remain firm in the near term on the back of reduced supply, fresh plant outages, firming feedstock markets and buoyant derivatives market performance, as in the case of ethylene vinyl acetate (EVA). Meanwhile, restocking activities in India were in progress as downstream plant utilisation rates saw a 15-20 percentage point increase in September...
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Crude: Prices fell on the back of mounting concerns about fuel demand, which has been negatively impacted by rising coronavirus cases across the globe. The possible return of Libyan exports added to the bearish sentiment. Naphtha: Sentiment was mixed in the European open-spec spot market, with fluctuations in upstream crude futures...
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Market sentiment is fairly buoyant on the back of price gains in Asia, but supply issues will be resolved and demand still has a long way to go before it returns to pre-pandemic levels. The European market is well supplied, with turnarounds running according to plan into late November...
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