Yesterday, the price of vinyl acetate was 7046 yuan per ton. As of now, the price range of vinyl acetate market is between 6900 yuan and 8000 yuan per ton. Recently, the price of acetic acid, the raw material of vinyl acetate, has been at a high level due to supply shortages. Despite benefiting from cost, due to weak market demand, the market price has remained generally stable. With the firmness of acetic acid prices, the production cost pressure of vinyl acetate has increased, leading to more fulfillment of previous contracts and export orders by manufacturers, resulting in a decrease in market spot resources. In addition, it is currently the stocking season before the Double Festival, and market demand has rebounded, so the market price of vinyl acetate remains strong.

In terms of cost: Due to weak demand in the acetic acid market for a period of time, prices have remained low, and many manufacturers have reduced inventory operations. However, due to unexpected maintenance of on-site equipment, there was a shortage of spot supply in the market, which made manufacturers more inclined to increase prices and push the market price of acetic acid to a high level, providing strong support for the cost of vinyl acetate.

In terms of supply: In the vinyl acetate market, the main manufacturers in North China have lower equipment operating loads, while the main manufacturers in Northwest China have lower equipment loads due to increased cost pressure and poor equipment efficiency. In addition, due to the previous weak prices of vinyl acetate in the market, some manufacturers have purchased external vinyl acetate for downstream production. Large manufacturers mainly fulfill large orders and export orders, so the market’s spot supply is limited, and there are also positive factors in the supply side, which to some extent boosted the vinyl acetate market.

In terms of demand: Although there have been some potential good news in the terminal real estate industry recently, the actual market demand has not significantly increased, and the market demand is still mainly based on basic demand. It is now before the Double Festival, and the downstream is gradually stocking up. The enthusiasm for market inquiries has improved, and market demand has also increased.

In terms of profits: With the rapid increase in the market price of acetic acid, the cost pressure of vinyl acetate has significantly increased, leading to an exacerbation of the profit deficit. On the premise that cost support is still acceptable and there are certain favorable factors for both supply and demand, the manufacturer has raised the spot price of vinyl acetate.

Due to the rapid increase in the price of acetic acid in the market, there is a certain level of resistance in the downstream market towards high priced acetic acid, leading to a decrease in purchasing enthusiasm and mainly focusing on basic demand. In addition, some traders still hold some contract goods for sale, and manufacturers continue to produce at high levels, which is expected to increase spot supply in the market. Therefore, it is expected that the market price of acetic acid may remain stable at high levels, and there is still some support for the cost of vinyl acetate. There has been no news of device maintenance in the vinyl acetate market. The equipment of major manufacturers in the northwest is still in low load operation, while the equipment of major manufacturers in North China may resume production. At that time, the spot supply in the market may increase. However, given the relatively small scale of the equipment and the fact that manufacturers mainly fulfill contracts and export orders, the overall spot supply in the market is still tight. In terms of demand, during the Double Festival period, the transportation of dangerous goods will be affected to a certain extent, and downstream terminals will start stocking up near the Double Festival, resulting in an overall increase in market demand. In the context of slight positive factors on both supply and demand sides, the market price of vinyl acetate may rise to a certain extent, with an expected increase of 100 to 200 yuan per ton, and the market price range will remain between 7100 yuan and 8100 yuan per ton.