The polyvinyl alcohol market fell 0.54% in May

May 31, 2024

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As of May 30th, the benchmark price of Polyvinyl Alcohol has dropped by 0.54% to 12233.33 yuan/ton. The market is dominated by transactions in demand, with export volume increasing by 35.8% year-on-year and export amount decreasing by 8.74% year-on-year. The market is expected to be weak and consolidating in the near future.
The price of polyvinyl alcohol is low, and market transactions are sluggish
On May 30th, the domestic polyvinyl alcohol market continued to be sluggish, with a benchmark price of 12233.33 yuan/ton as of May 30th, a decrease of -0.54% compared to the beginning of the month. This month, the market is mainly focused on just in demand transactions, with distributors offering discounts for shipments, and downstream purchasing intentions being cold.
The market quotation situation shows that the quotation range for different types of polyvinyl alcohol is between 11000-14200 yuan/ton, reflecting the weak market situation.
In terms of cost, the price of calcium carbide has declined this month, causing overall losses in the industry. The benchmark price of calcium carbide has decreased by 1.73%, and although the operating rate has rebounded, there has been an increase in PVC maintenance, resulting in unstable demand. The Acetic Acid market has been weak and downward this month, with the benchmark price dropping by -4.62%. The market supply exceeds demand, and the market is expected to be weak in the short term.
In terms of consumer structure, polymer additives, fabric slurries, and adhesives are the main downstream consumer markets for polyvinyl alcohol, accounting for approximately 38%, 20%, and 12% of the market share, respectively.
Export data shows that from January to April 2024, the cumulative export of polyvinyl alcohol was 69656.067 tons, a decrease of RMB 760 million. The export volume in April was 19183.68 tons, with an average export price of 12818.86 yuan/ton.
The main export countries include India, Malaysia, South Korea, and Brazil, with India ranking first with 2093.206 tons and a total amount of approximately 35.97388 million RMB.
The future market forecast indicates that the atmosphere of the polyvinyl alcohol market is weak, downstream users have a strong demand for procurement, and the market lacks support. It is expected that the weak consolidation trend will continue in the near future.

Author:

Ms. Yolanda

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info@jinhetec.com

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+8613298161700