China's VAM market fundamentals expected to weaken in Q4

OilChem expects China VAM Q4 to be front-loaded, with October strength fading into a Nov-Dec demand trough. October maintenance runs into early November, but late-October restarts and high December rates lift supply. This tight-to-oversupply shift, with no new EVA capacity and seasonal downstream weakness, raises the odds of lower prices. Watch restarts, PVA/EVA and export demand, and feedstock costs.

According to OilChem, China's vinyl acetate monomer (VAM) market is set for a front-loaded fourth quarter, with October prices holding at elevated levels before turnarounds unwind and demand enters its seasonal trough in November–December. The market lacks the conditions for a one-way rally, with the core tension shifting from