Recently, the polyvinyl alcohol market has been fluctuating and consolidating. As of March 19th, the benchmark price of polyvinyl alcohol at Shengyishe was 12300 yuan/ton, an increase of 0.54% compared to the beginning of this month (12233 yuan/ton). Overall, the trend of polyvinyl alcohol is relatively warm, with a concentration of spot goods in the market and limited short-term circulation that may support the market. Shipping at high prices in the market maintains a restraining effect on market uplift.
In terms of supply:
The mainstream manufacturers in Jiangsu have not fully opened their devices.
The current market for vinyl acetate continues to be dominated by mainstream manufacturers in North and South China, while at the same time, some manufacturers are operating under lockdowns. As a result, the overall spot resources in the market are scarce, and the focus of negotiations has shifted upwards. As of March 20th, the benchmark price of ethyl acetate for Business Society is 6516.67 yuan/ton, a decrease of -2.49% compared to the beginning of this month (6683.33 yuan/ton).
Overall, there is a weak supply side in the polyvinyl alcohol market, with a decrease in spot supply compared to previous average levels and low inventory levels. In the face of a shortage of enterprise goods, there is a strong intention to push up prices through quotations
In terms of demand:
The overall demand for polyvinyl alcohol downstream has not improved significantly, and intermediaries are stocking according to demand. Therefore, the market inquiry enthusiasm has increased, and the trading atmosphere is relatively warm. It can be seen that the supply is stable in the face of favorable market support, and the mentality of cargo holders is supported, so the quoted price has been raised.
Future Market Forecast:
Overall, the current market is operating at a low load, and some companies have been hindered in long-term shipments. The market is experiencing a shortage of spot goods, and there is little support for the short-term supply and cost of polyvinyl alcohol. The phased replenishment of demand is relatively active, but the battery life is not optimistic. Coupled with the restart of regional facilities and the increasing trend of spot inventory, the supply and demand sides will continue to play games. Analysts from Business Society predict that the price of polyvinyl alcohol will mainly consolidate in the near future, with a market transaction price of around 11900-13000 yuan/ton in 1799.
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