Price trend

According to the Commodity Market Analysis System of SunSirs, as of May 21st, the average market price of vinyl acetate was 6,537 RMB/ton, which was the same as last week.

Analysis review

In terms of cost

Calcium carbide: Recently, the domestic price of calcium carbide had remained stable. On May 21st, the price of calcium carbide was 2,833 RMB/ton, which remained unchanged from last week. Recently, there had been an increase in equipment maintenance for calcium carbide enterprises, resulting in a significant contraction in supply. There had been no significant change in downstream demand, and the pace of demand had remained stable. The calcium carbide market had remained stable.

Acetic acid: Domestic acetic acid prices had fallen this week. On May 21st, the price of acetic acid was 3,250 RMB/ton, and on May 14th, the price of acetic acid was 3,400 RMB/ton, a decrease of 4.41% from last week. The continuous decline in inventory of acetic acid enterprises in the early stage, coupled with factors such as factory equipment failures and load reduction, had pushed up the price of acetic acid. The overall trading atmosphere in the later stage of the market showed a slight decline, with limited follow-up efforts. The downstream purchasing atmosphere was not good, and the regional quotations were loose, resulting in a decrease in the price of acetic acid.

In terms of demand

The demand for EVA in the domestic market was weak, and the trading atmosphere on the market was average. The PVC futures market was relatively stronger, and the mainstream transaction prices in the spot market were rising, with positive macro news.

Market outlook

Overall, there was no positive support for the fundamentals, as downstream users purchased on demand and there was insufficient follow-up on new orders. It is expected that the market for vinyl acetate will remain stagnant in the short term.

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