① Prices in the East China, Jiangsu, Shandong, and South China markets remained stable compared to yesterday.
② The domestic utilization rate of vinyl acetate capacity was 80% today, unchanged from yesterday.
Table 1: Domestic Vinyl Acetate Price Summary (Unit: CNY/ton)
| Market | Specification | Sep 29 | Sep 30 | Change | % Change |
|---|---|---|---|---|---|
| East China | National Standard | 7875 | 7875 | 0 | 0% |
| Jiangsu | National Standard | 7875 | 7875 | 0 | 0% |
| Shandong | National Standard | 8050 | 8050 | 0 | 0% |
| South China | National Standard | 7900 | 7900 | 0 | 0% |
| Key Downstream | |||||
| East China | Polyvinyl Alcohol (1799) | 11000 | 11000 | 0 | 0% |
| Xiamen | EVA (V6020M) | 10800 | 10800 | 0 | 0% |
| Data Source: Chempricehub Information |
Based on petrochemical prices in the East China region, vinyl acetate closed at 7,875 CNY/ton today, remaining stable compared to yesterday. The domestic vinyl acetate market maintained a firm steady trend. On the supply side, multiple units are scheduled for concentrated maintenance in October. On the cost side, raw material glacial acetic acid prices continued to rise, providing strong support for spot prices. On the demand side, downstream buyers primarily engaged in rigid demand procurement, showing caution in accepting high prices. Additionally, inventory buildup before the National Day holiday was limited as the "Golden September" period drew to a close, resulting in a quiet trading atmosphere. In the short term, strong cost support combined with expectations of reduced supply remains the dominant factor. The market is expected to maintain a high-level consolidation trend in the coming days.
The utilization rate of vinyl acetate capacity was 80%, unchanged from yesterday. Due to fluctuations in costs and price trends, profit margins for the ethylene method were -56.82 CNY/ton, while profit margins for the calcium carbide method were 606.5 CNY/ton.
Cost-side support remains strong, with demand following on an as-needed basis. Suppliers' sentiment is relatively supported. Attention should be paid to cargo flow directions and downstream restocking progress. The short-term vinyl acetate market price is expected to fluctuate at high levels.
Glacial Acetic Acid Market: Glacial acetic acid prices continued to rise today. Prices in Northwest China remained temporarily stable, while prices in other regions continued to increase. Factories faced little overall inventory pressure. With the National Day holiday approaching, traders gradually suspended operations, leading to a weak overall transaction atmosphere. Chempricehub Information forecasts that glacial acetic acid prices still have room for upward movement in the short term.
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