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Europe probes dumping allegations

December 23/2010

(ICIS) -- Allegations that US producers of vinyl acetate monomer (VAM) are dumping below-cost material in Europe drew denials on Wednesday from market sourcess.


Celanese, one of the world's largest VAM producers, issued a statement denying any knowledge of dumping in Europe. Other US VAM producers - LyondellBasell, Dow Chemical and DuPont - did not return calls immediately for comment.


US VAM exports declined 8% through October this year, according to trade data compiled by the US International Trade Commission (ITC). But shipments to Belgium - the single largest destination for US VAM exports - increased almost 31% in the same period.


The European Commission did not name any US producers in inquiry notes filed earlier this month stating that it would investigate whether US producers were selling material in the 27-nation bloc below cost.


The complaint was filed by INEOS Oxide, a large European VAM producer, in late October. INEOS is one of the largest VAM producers in Europe, with more than 25% of the market, according to the EU.


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