Market Analysis - Monthly Report - September, 2020 - Vinyl acetate

1. I. Overallmarket analysis

    

    In September, the overall domestic vinyl acetate market pulled up.With the arrival of the "Golden Nine", the overall operating rate ofthe downstream market has rebounded, and the demand for vinyl acetate hasincreased. However, due to the small amount of Sinopec companies, marketresources are tight, and the prices of raw material ethylene and acetic acidhave both increased. Prices have risen, other companies have followed, and themarket is optimistic; in the middle of this month, intermediate traders havemoved smoothly, and some traders have tight inventories and are reluctant tosell. Therefore, market transaction prices continue to rise, making itdifficult to find low-priced resources. Approaching the end of the month, asthe holidays approach, the overall transaction atmosphere in the market hasweakened, and both upstream and downstream are on the sidelines, and marketprices are temporarily stable.

II. Conclusions

Looking at the market outlook, October is still the traditional peakseason, the market mentality is still optimistic, the downstream or thewillingness to replenish the stock after the festival, and the market still hasa bullish sentiment.