International vinyl acetate market will be dominated by stable consolidation

Western Europe and Northern Europe vinyl acetate: domestic spot price fell 10 euros/ton. The supplier stated that the price rose from 980 euros to 1020 euros/ton FD Northwest Europe depends on the destination and cargo size. The user said that the transaction price was close to 930 euros FD Northwest Europe, are small goods. The first-quarter contract price has not yet been concluded and is expected to remain flat or slightly lower as ethylene is reduced. Methanol is expected to be established, and most people estimate that there is a certain degree of increase.

Asia Vinyl Acetate: The Chinese market is stable, the difference between buyers and sellers in Southeast Asia has increased slightly, Chinese buyers are below US$960/ton CFR, and sellers are not below US$970 CFR. The buyer sought delivery of goods at the beginning of February before the lunar calendar. Southeast Asian market prices hovered at $1,000/ton CFR. A trader said that the Chinese market will rise in the coming weeks, raw material prices will be firm, and demand for downstream Polyvinyl Alcohol will increase.

US vinyl acetate: domestic VAM demand is stable, and the price is flat at 57-60 cents/pound at the end of December. In the first two weeks of 2007, crude oil fell by 15%. The February contract price closed at 51,88 US dollars/barrel on Thursday, casting a shadow on the chemical product market. However, the decline in VAM raw materials did not entirely account for the lower VAM. January ethylene spot price fell to 30S cents/pound, FD US Gulf, while December contract price was 41.5 cents/pound FD US Gulf. January ethylene contract price has not been entered into.

Domestic/Foreign Manufacturers Dynamics: Sinopec Ethylene Vinyl Acetate is stable in southern China and is now at RMB 9,500/ton; Sinopec Ningxia Vinyl Acetate's external quotation is stable and is currently quoting around RMB 9550/ton, which mainly produces polyvinyl alcohol. Not much; Sinopec Sales Company Shanghai Branch Shanghai Petrochemical Ethylene Vinyl Ex-works prices are stable, now at 9,800 yuan/ton, and sales are normal.