This week, the supply side of polyvinyl alcohol has shown positive support and stability, with the price center shifting upwards. As of April 10th, the benchmark price of polyvinyl alcohol for Shengyishe was 12266.67 yuan/ton, an increase of 0.54% compared to yesterday’s (12200.00 yuan/ton).
Supply side:
This week, the acetic acid market is relatively strong and upward. At the beginning of the week, the price of acetic acid fell to a relatively low level, and downstream market purchases increased. The mentality of enterprises was bullish, and the price of acetic acid rebounded after hitting the bottom. Subsequently, the inventory of manufacturers gradually decreased. With the improvement of market trading atmosphere, enterprises had a strong intention to rise, and with the support of mentality, the price of acetic acid continued to rise. As of March 29th, the average market price of acetic acid was 3100 yuan/ton, an increase of 100 yuan/ton compared to the price of 3000 yuan/ton on March 25th, an increase of 3.33%, and the price remained unchanged from the beginning of the month.
Recently, the calcium carbide market has been fluctuating and rising, and the increase in demand is the main factor contributing to the price increase. However, with the continuous updating and implementation of PVC maintenance plans, especially the increase in external sales of supporting calcium carbide, there is an expectation of a significant increase in calcium carbide supply by the end of the month. As of April 10th, the benchmark price of Shengyishe calcium carbide was 3016.67 yuan/ton, an increase of 0.56% compared to the beginning of this month (3000.00 yuan/ton).
Overall
Overall, the recent trend in the cost of polyvinyl alcohol has been relatively warm, providing slight positive support for the market. The supply side support is limited, and it is difficult for prices to continue to rise. Currently, intermediaries have no intention of lowering prices. In some regions, the equipment is restarting, and coupled with the continuous low inventory levels of various companies in the market, although the supply is stable in the face of favorable market support, the overall situation of weak demand has not significantly improved. Intermediaries are stocking up on demand, and downstream demand is purchasing, resulting in a flat trading atmosphere.
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