Stable operation of polyvinyl alcohol market

This week, the domestic price of polyvinyl alcohol remained stable, with consolidation and operation. As of May 10th, the benchmark price of polyvinyl alcohol was 12300.00 yuan/ton, unchanged from the beginning of this month. During the week, the polyvinyl alcohol market was mainly driven by first-time transactions, and overall trading in the polyvinyl alcohol market has been affected by light trading. Dealers are offering more discounts for shipments, and the cautious attitude of middle and downstream merchants still exists.

Supply side:

The current price of vinyl acetate raw material acetic acid continues to rise. As of May 10th, the benchmark price of acetic acid was 3350.00 yuan/ton, an increase of 3.08% compared to the beginning of this month (3250.00 yuan/ton). The expected increase in supply side is due to the scarcity of planned maintenance information and sluggish downstream domestic demand. PTA is undergoing partial maintenance, and enterprises in the northwest and east of vinyl acetate are undergoing maintenance. Acetate is operating under reduced load based on cost and export factors. In addition, the expected export volume of acetic acid in May has decreased, but it is at a relatively high level.

The market price of calcium carbide is also stable. As of May 10th, the benchmark price of calcium carbide was 2816.67 yuan/ton, a decrease of -2.31% compared to the beginning of this month (2883.33 yuan/ton). During the week, the shipment performance of the calcium carbide factory was poor, and after the holiday, the shipment gradually returned to normal. However, the market atmosphere was relatively cold, and downstream PVC companies had inconsistent deliveries. Some deliveries were slightly unstable, and the purchase price was adjusted according to their own situation, while the rest remained temporarily stable.

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 support from the polyvinyl alcohol supply side is positive, but there is still a strong sentiment of price support. The main focus is on price protection, and the mentality of holders is still acceptable. As the inventory of manufacturers is depleted, some manufacturers have started to limit their sales, and the prices quoted by manufacturers have gradually decreased. Downstream users will continue to purchase on demand, and it is expected that the price of polyvinyl alcohol will remain stable in recent market discussions.