This week, the atmosphere in the domestic polyvinyl alcohol market continued to be light. As of May 23, the benchmark price of polyvinyl alcohol for Shengyishe was 12250.00 yuan/ton, a decrease of -0.41% compared to the beginning of this month (12300.00 yuan/ton). During the week, the polyvinyl alcohol market was mainly driven by first-time transactions, while the expectation of transactions in the polyvinyl alcohol market weakened. Dealers offered more discounts for shipments, and downstream purchasing intentions remained lackluster.
Supply side:
Recently, due to insufficient demand, the price of calcium carbide has been declining for a long time, resulting in an overall loss situation in the industry. As of May 23, the benchmark price of Shengyishe calcium carbide was 2833.33 yuan/ton, a decrease of -1.73% compared to the beginning of this month (2883.33 yuan/ton). Downstream unloading trucks still show a regional shortage of arrivals, but the upward momentum is weak. Firstly, it comes from the landing of downstream maintenance. In mid to late May, The maintenance of PVC and BDO is increasing gradually, and the demand for calcium carbide is weakening.
Recently, the price of acetic acid, the raw material for vinyl acetate, has been stable. As of May 23rd, the benchmark price of acetic acid for Shengyishe is 3250.00 yuan/ton, which is the same as the beginning of this month. The expected increase in supply side is due to the scarcity of planned maintenance information and sluggish downstream domestic demand, PTA partial maintenance, with enterprise maintenance in the northwest and east of vinyl acetate. Acetate is operated under reduced load based on cost and export factors.
Polyvinyl Alcohol (PVA) Industry Chain
On the demand side:
From the perspective of domestic demand for polyvinyl alcohol, polymerization additives, fabric slurries, adhesives, vinylon fibers, papermaking slurries and coatings, and building coatings products have weak consumption of raw materials. Enterprises mainly purchase on a per order basis, and the accumulation of raw material inventory is limited. Production is coming to an end, and the demand for raw materials is weakening. There is currently no good news for other terminal enterprises, and there is a slight room for concessions in the price of polyvinyl alcohol in the later stage.
Overall
The atmosphere of the polyvinyl alcohol market continues to be light, with downstream users maintaining a strong demand for purchases. The mentality of the cargo holders is empty, and the focus of negotiations is on the low-end. There is currently no positive support for the polyvinyl alcohol market, and it is expected that the polyvinyl alcohol market will continue to be weak and consolidate in the near future.
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