Recently, the polyvinyl alcohol market has experienced a stalemate in trading performance, coupled with increased inventory pressure. The market is gradually showing a state of price without market, and spot prices in the market are declining. As of April 17th, the benchmark price of polyvinyl alcohol in Shengyishe was 12233.33 yuan/ton, a decrease of -0.94% compared to the beginning of this month (12350.00 yuan/ton).

Supply side:

Recently, the price of acetic acid, a raw material for vinyl acetate, has significantly increased. As of April 17th, the benchmark price for acetic acid in Shengyishe was 3450.00 yuan/ton, an increase of 11.29% compared to the beginning of this month (3100.00 yuan/ton). Although the downstream purchasing sentiment is gradually weakening, the inventory in the eastern region is already tight, and some devices have unexpectedly reduced their load and stopped, making the supply of goods increasingly tight. It is expected that the market will still have a high possibility of rising this week.

The market price of calcium carbide is also stabilizing and rising. As of April 17th, the benchmark price of calcium carbide in Shengyishe was 3016.67 yuan/ton, an increase of 0.56% compared to the beginning of this month (3000.00 yuan/ton).

Demand side:

The downstream market is showing a weak situation, and the market is gradually starting to operate, but the overall situation is not as good as in previous years. The usage has not improved, and the purchasing willingness is not good, making it difficult to increase the volume. Enterprises are offering discounts to sell. The bearish demand side affects the polyvinyl alcohol market.

Although the current price of polyvinyl alcohol has been repeatedly lowered, there is still profit margin. Some manufacturers sell at low prices, but the overall trading volume of the polyvinyl alcohol market is light. Traders and downstream traders are cautious in their operations. After the price reduction, the market’s bottom buying sentiment is highlighted, and the purchasing power of domestic and foreign spot purchases is expected to strengthen, boosting market confidence.

In summary, the supply of polyvinyl alcohol is relatively sufficient; In terms of demand, downstream factories purchase on demand and still maintain a cautious attitude towards procurement. Currently, the main downstream factories are operating normally, and the operating rate of terminal factories is low, resulting in a lack of enthusiasm for procurement; Supported by the favorable impact of raw material prices, it is expected that the price of polyvinyl alcohol 1799 may consolidate next week or there is a possibility of an upward trend in the short term. The expected transaction center is between 12200-12800 yuan/ton.