In retrospect, the sudden crisis remains a lingering fear, after two days of huge turbulence, and the Turkish lira finally stops and drives other emerging market currencies back to stability. Turkey's domestic imports are largely stagnant, in addition to the concerns of luxury-buying. But Turkey's reliance on overseas investors is too high, and if overseas investors lose confidence in Turkey, it will be a big blow to the country's economic system.
Despite the current easing of the Turkish crisis, investors are cautious and the import and export trade in Turkey will be affected in the short term. In the area of vinyl acetate, Turkey is one of the major exporters of vinyl acetate in China, and exports to Turkey, vinyl acetate accounted for more than 6% of the total export of ethylene acetate in China, ranked the top five all year round.
At the same time, the Turkish crisis has had a certain impact on emerging markets, as investors have raised concerns about emerging markets, and Indonesia, which is also one of the country's leading exporters of vinyl acetate. Turkey does not have vinyl acetate plant, but its production of high-grade fur adhesives, fiber and packaging adhesives, such as high demand for vinyl acetate, according to statistics, Turkey's annual consumption of ethylene acetate more than 80,000 tons, all imports, mainly from Saudi Arabia, China and the United States. Turkey's crisis in the short term on the import of vinyl acetate, and the deterioration of U.S.-China relations, the long-term, Turkey to the United States imports of vinyl acetate will be reduced, which is also in recent years the main trend of turkey vinyl acetate imports, which will give China's ethylene acetate export to Turkey to create opportunities.