Market Analysis - Weekly Report - May 16th to May 20th, 2022- Hot Products

Market Analysis - Weekly Report - May 16th to May 20th, 2022- Hot Products

Vinyl Acetate

This week, the domestic vinyl acetate market rose mainly. As of May 20, the current mainstream turnover in North China is 14,700-16,500 CNY/ton; The current mainstream turnover in East China is 14,900-15,100 CNY/ton (calcium carbide method) and 16,500-17,000 (ethylene method); The mainstream price in South China is 15,800-16,500 CNY/ton.

https://www.echemi.com/zycms/672220.html

Adipic Acid

This week, the center of gravity of the domestic adipic acid market declined, and the offer rose on Friday. In the early part of the week, due to the impact of some low supply prices, the focus of market negotiations in various places continued to decline. However, the strong rise in crude oil boosted the listing price of the main refinery of pure benzene to 9,300 CNY/ton. With the rising cost, the adipic acid industry began to enter a loss. 

https://www.echemi.com/zycms/672193.html

Ethylene Glycol

This week, the ethylene glycol market rebounded as a whole compared with last week, with a high of 5,010 CNY/ton at the beginning of the week and a low of 4,880 CNY/ton on Friday. During the week, the inventory decreased within a narrow range. As of Monday, the inventory in the main port of East China was 1.1511 million tons, but more cargoes arrived at the port. On Thursday, the inventory rose to 1.1873 million tons, and the inventory remained high, suppressing the market sentiment. 

https://www.echemi.com/zycms/672238.html

PTA

This week, the PTA market fluctuated and consolidated, and the overall market price was high. The market trend was still largely affected by the price of crude oil at the cost side and the price of raw material PX, and the supply and demand side was generally supported by favorable conditions. As of May 20, the weekly average spot price in the PAT East China market was 6,781 CNY/ton, an increase of 275 CNY/ton or +4.23% from last week's average price.

https://www.echemi.com/zycms/672237.html

Acetic Anhydride

This week, the domestic acetic anhydride market as a whole temporarily operated stably, and the East China market went up within a narrow range near the weekend. As of May 20th, Shandong area was delivered with reference to 8200-8300 CNY/ton, and the local mainstream transaction price in East China was 8200-8300 CNY/ton.

https://www.echemi.com/zycms/672219.html