In October, the market prices of polyvinyl alcohol in China dropped after stabilizing. Manufacturers achieve orders and users stock relatively concentrated before the holiday. Spot supply of some manufacturers is still tight, and the focus of discussion is much higher.
After the holiday market spot supply is still general, new low price is difficult to find. Middlemen light position wait-and-see, part of the appropriate stock. End users’ demand is weak. The market negotiation are quiet before the holiday, and new orders are few.
The market bearish concerns are strong, and the industry is not active in stocking. In mid-to-late October,due to market trading was limited, sales pressure increasing.
In late October, the price of co-production raw material vinyl acetate continues to fall, exacerbated the bearish concern of the market. Game of supply and demand, market focus prices are low and the trading atmosphere was general.
Remark: The analysis is based on transaction in China’s domestic market, it’s only for reference.
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