Price trend

According to the Commodity Market Analysis System of Shengyishe, the market for vinyl acetate was weak and declined in May. As of May 28th, the average market price of vinyl acetate was 6512 yuan/ton, and on May 1st, the average market price of vinyl acetate was 6625 yuan/ton, a decrease of 1.7% compared to the beginning of the month.

In terms of cost

Calcium carbide: Domestic calcium carbide prices have slightly decreased this week. On May 28th, the price of calcium carbide was 2833 yuan/ton, and on May 1st, the price of calcium carbide was 2883 yuan/ton, a decrease of 1.7% from the beginning of the month. In the first half of this month, international crude oil prices fluctuated and fell, and the calcium carbide market entered a stage of inventory consumption. Supply continued to weaken, and the calcium carbide market declined. In the mid period, there has been an increase in equipment maintenance for calcium carbide enterprises, with a significant contraction in supply. The overall market performance is characterized by tight supply, and the calcium carbide market has slightly rebounded. There is no significant change in downstream demand, and we are following up on the pace of demand. The calcium carbide market is stable in the second half of the year.

Acetic acid: The domestic price of acetic acid rose first and then fell this month. On May 28th, the price of acetic acid was 3150 yuan/ton, and on May 1st, the price of acetic acid was 3250 yuan/ton, a decrease of 3.07% from the beginning of the month. In the first half of the month, the supply and demand of acetic acid were strong, inventory continued to decline, and prices remained strong, with a mid month increase of 4.49%. However, as downstream acetic acid companies resisted high prices, the market price of acetic acid gradually fell in the second half of the month.

In terms of demand

The operating rate of domestic EVA production enterprises has decreased, and petrochemical enterprises such as Yuneng Chemical, Tianli High tech, Sinochem Quanzhou, Formosa Plastics Ningbo, and Zhongke Refining and Chemical are planning to shut down for maintenance. PVC undergoes periodic centralized maintenance, resulting in a significant decrease in demand.

Future Market Forecast

Overall, vinyl acetate has continued to decline, but there is still no clear turning point. Cost support has weakened, and demand side performance has remained weak. At present, the market situation is average, with downstream demand for goods being the main focus. The enthusiasm for purchasing goods has slowed down compared to the previous period, and the market atmosphere is weak. It is expected that vinyl acetate may remain stagnant in the short term.