PVA Price Wil Increase Soon!
Hurricane Harvey landed in the United States, the strongest hurricane to hit Texas State in more than 50 years, the biggest threat from strong winds to floods, causing Texas State coastal ports to close. In addition, more than 1/3 of the U.S. chemical production capacity was forced to shut down. Of these, the 300,000-ton/year ethylene acetate plant in Texas and the LyondellBasell 385,000 tonnes/year of vinyl acetate have been declared force majeure. At the same time, the Dow Ethylene plant has been shut down, its 365,000 tons/year of ethylene acetate device has a large probability of being affected; the market has rumors of Coca-Cola (formerly DuPont) 335,000 tons/year ethylene acetate unit has been shut down. At this point, the United States, the four major producers of vinyl acetate have been affected by the hurricane.
The United States is one of the global production centers of vinyl acetate, production capacity is 1.695 million tons/year, accounted for 20.97% of the world's total capacity, manufacturing facilities are concentrated in the Texas; annual exports of around 500,000 tons, accounting for the global supply of ethylene acetate exports of about one-third, mainly in Europe and South America. The hurricane has not yet ended, transport recovery and production recovery time have not been expected, in the short term, it will affect the European and American market supply of vinyl acetate.
The main raw material of PVA is vinyl acetate, as the price fluctuation of raw materials increases, the price of PVA will also rise, so the large use of PVA customers can always pay attention to the quotes of PVA. Coupled with the impact of domestic environmental protection storms, We recommend customer stock early.
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