Vinyl Acetate: High Cost Pressures
The opening of the week, the domestic market atmosphere of vinyl acetate is light, the industry is still concerned about Sinopec news, the raw material acetic acid by Shaanxi extended due to heat exchanger failure, re-parking, Tianjin Fuhua Wynn weekend failed to restart, Hebei Jianyu weekend accidental parking, and Yankuang Cathay Pacific shut down the parking lot, and the shortage of acetic acid supply in the short term continues. It is reported that the energy consumption of vinyl acetate units in the Great Wall can be reduced, and the factory sells acetic acid to outsiders. The Qingdao Shanghe Summit will be held soon, and the transportation restrictions in Shandong Province will affect the downstream users. The acceptance of high-priced raw materials is not high and market transactions are limited. Under the pressure of current raw material costs, it is expected that the high-end vinyl acetate market will be dominated by the short-term.