China PVA Price Trend March 2024
In March, the market price of polyvinyl alcohol in China remained high. Manufacturers keeping their quotes at a high level. Mainly to execute orders, with limited spot availability in the first half of the month and slightly increased supply in the second half. Market demand was slowly recovering, the industry just needed to purchase. The atmosphere for spot negotiations in the market was weak, with middlemen actively selling their inventories and some prices slightly lower, leading to price discrepancies in the market.
The price of co-production raw material vinyl acetate continues to fall, causing polyvinyl alcohol price lacks support. Negotiations were quiet. Game of supply and demand, with a strong wait-and-see atmosphere. Manufacturers focused on inventory digestion, and some manufacturers slightly raised their quotes at the end of the month.
Remark: The analysis is based on transaction in China’s PVA domestic market, it’s only for reference.
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