Vinyl acetate monthly report for April 2020

1.Overall market analysis

The price of vinyl acetate fell this month. In terms of raw materials, the price of calcium carbide continued to decline, and the price of ethylene was weak. The price of acetic acid continued to increase but the support was limited. In this month, the market circulated that low-priced foreign sources will soon hit the domestic market. In the middle of this month, Sinopec announced that it would lower the guidance price, which further deepened the wait-and-see mood of the industry. Production to ease its own inventory pressure.

 2.Forecast of the Future Market

3. Conclusions

Downstream demand is difficult to change, and it is difficult to change the situation of the shipper's difficult shipment. The vinyl acetate market is expected to be weakly consolidated.