I. Focus Points

1. [Longzhong] 3/19: The US EIA inventory data was mixed, and with the Fed announcing in March that it would not cut interest rates for the time being, international oil prices ultimately rose slightly. NYMEX crude oil futures 04 contract at $67.16, up $0.26 per barrel, a sequential increase of +0.39%; ICE Brent crude oil futures 05 contract at $70.78, up $0.22 per barrel, a sequential increase of +0.31%. China's INE crude oil futures main contract 2505 fell 2.0 to 521.4 yuan per barrel, and in the night session, it fell 0.3 to 521.1 yuan per barrel.

2, Ethylene: There are sufficient downstream purchasing channels, with a focus on contract volumes or mainly observing. The supply and demand stalemate still exists. In the short term, the quotations from mainstream producers have not changed much, but there is a possibility of individual price concessions for sales. The expected transaction range is estimated to be maintained between 6900-7400 yuan/ton; the US dollar market is expected to be maintained at 840-860 USD/ton.

Vinyl acetate: The vinyl acetate market is consolidating, with some facilities in the supply side unexpectedly shutting down. Most industry players are observing the situation. The demand from downstream remains relatively stable, with large orders still providing support. Intermediaries are reluctant to sell at low prices, and new order negotiations are limited. There is more attention on the flow of goods and changes in the operating load of the supply side. It is expected that the vinyl acetate market will continue to consolidate and observe in the coming days.

core logic: input format:Cost side ethylene and vinyl acetate are weakly stable, with relatively weak cost support. The supply is tight, and the factory prices remain firm, confronting the downstream foam demand which follows the rigid demand. The market transactions are in a stalemate or moving sideways.

II. Price List

Three, Market Outlook

In the short term, the domestic EVA spot market is observing and following, with demand expected to remain around rigid needs. On the supply side, most EVA producers are maintaining market stability without pressure, and transactions are in a stalemate. Market participants are mainly adopting a cautious attitude, intending to conclude operations. It is expected that the domestic EVA market will mainly stabilize with a slight downward trend. Mainstream market prices: hard materials will fluctuate between 11,200-11,700 yuan/ton, soft materials may fluctuate between 11,400-11,900 yuan/ton, and photovoltaic materials will fluctuate between 11,500-11,900 yuan/ton.