Price trend

According to the Commodity Market Analysis System of Shengyishe, as of May 21st, the average market price of vinyl acetate was 6537 yuan/ton, which is the same as last week.

In terms of cost

Calcium carbide: Recently, the domestic price of calcium carbide has remained stable. On May 21st, the price of calcium carbide was 2833 yuan/ton, which remained unchanged from last week. Recently, there has been an increase in equipment maintenance for calcium carbide enterprises, resulting in a significant contraction in supply. There has been no significant change in downstream demand, and the pace of demand has remained stable. The calcium carbide market has remained stable.

Acetic acid: Domestic acetic acid prices have fallen this week. On May 21st, the price of acetic acid was 3250 yuan/ton, and on May 14th, the price of acetic acid was 3400 yuan/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, has 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 is weak, and the trading atmosphere on the market is average. The PVC futures market is relatively strong, and the mainstream transaction prices in the spot market are rising, with positive macro news.

Future Market Forecast

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