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Market price trend of polyvinyl alcohol on April 15th

2024-04-15

PVA 088-20(120)

On April 15th, the mainstream market negotiations for polyvinyl alcohol 1799 # reached 11800-12800 yuan/ton in cash, for polyvinyl alcohol 2699 # reached 12300-13500 yuan/ton in cash, for Pva 1788 # reached 12300-13500 yuan/ton in cash, for Pva 2488 # reached 13300-14700 yuan/ton in cash, and for PVA Resin 2099 # reached 12000-13300 yuan/ton in mainstream market negotiations.

The supply side situation shows that the acetic acid market is relatively strong and upward this week. At the beginning of the week, the price of acetic acid fell to a low level, leading to an increase in downstream demand and a bullish attitude among enterprises. As the market trading atmosphere improves, the price of acetic acid continues to rise. As of March 29th, the average market price of acetic acid was 3100 yuan/ton, an increase of 3.33% compared to March 25th.
The recent increase in demand in the calcium carbide market has become the main factor contributing to the price increase. With the update and implementation of PVC maintenance plans, the expected supply of calcium carbide is expected to increase significantly. As of April 10th, the benchmark price of calcium carbide has risen to 3016.67 yuan/ton, an increase of 0.56% compared to the beginning of this month.
Overall, the recent trend in the cost of polyvinyl alcohol has been warm, with slight positive support in the market. Despite stable supply side support, the overall weak demand situation has not significantly improved. Intermediaries prepare goods according to demand, while downstream suppliers purchase goods on demand, resulting in a mediocre trading atmosphere.

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