PEG Market Inched Up on Tight Supply This Week (Oct 20-26, 2017)

In November 2017, the Chinese Vinyl Acetate/span> market rebounded. Up to November 30, 2017, the closing prices for vinyl acetate in East China were in the range of RMB 7,200-7,400/mt, up 7.35% from last month.

Supported by the export orders, mainstream producers transported a mass of goods to Jiangsu in early November. The supply in North China was tight. As many producers operated in a loss, they raised prices actively. In H1 November, mainstream producers raised prices twice, and the market prices followed the uptrend. In H1 November, downstream users purchased on their standing material need, and middlemen sold swimmingly. Influenced by the low inventory and bad transportation, the supplement was slow. Meanwhile, the demand was also flat. Influenced by the weak PVA market, market players were cautious about the market. The unit in Nanjing was shut in H1 November and restarted in H2 November. No goods were available in the market this month. At the end of November, influenced by the policy of production limitation and stabilizing prices of PVA, players were cautious about the market.