The Ethylene Vinyl Alcohol Copolymer (EVOH) prices in Belgium have rebounded during March xxxx due to supply tightness within Europe. The EVOH market saw disruption to supply amid multiple issues with the feedstock ethylene vinyl acetate (EVA) production. Moreover, the Celanese announced a price increase for vinyl acetate monomer (VAM) and its derivative in March xxxx within the Western Hemisphere which surged the production costs of EVOH during this timeframe.
Key Takeaways:
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Celanese announced VAM and derivatives price increase in the Western Hemisphere which affected EVOH production costs.
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EVOH experiences tight supply due to less availability of feedstock EVA.
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European market faced longer delivery times amid a surge in pre-procurement.
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The European downstream packaging sector saw a surge in sustainability which affected EVOH orders.
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Uncertainty due to the US tariff has increased EVOH consumption.
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