China PVA Price Trend In Feb 2023
In February, China PVA market center of gravity rose, market negotiation atmosphere weakened. The industry load is average, the market supply is average, the spot supply of some PVA manufacturers is still tight, the price mentality still exists, and the market center of gravity continues to rise. Cost support is weak, market demand is slow to recover, operators’ expectations for improvement are fading, and fears of a fall are increasing.
Raw material vinyl acetate due to capacity expansion is not expected to rise high, short-term demand support is not expected to increase, mainly digest stock, market negotiation atmosphere is weak, especially in the middle and late period. Based on later demand is still expected to recover, the market still has inventory to be digested, operators operate cautiously, low prices are hard to find, the market focus to maintain high consolidation.