Morning Market Briefing for Polyvinyl Alcohol (PVA)

I. Key Focus Points

1. Strong support from the cost side
2. Continued export orders
3. Limited follow-through in downstream demand

Core Logic: Polyvinyl alcohol (PVA) market consolidating within a range

II. Price Table

Notes:

1. Both vinyl acetate monomer (VAM) and polyvinyl alcohol (PVA) refer to premium-grade products.
2. Prices for VAM and PVA are quoted in RMB per ton.
3. All RMB prices listed above are ex-works cash prices inclusive of tax.
4. The two price points represent spot prices from the previous two working weeks prior to this week, not weekly average prices.
5. The change rate reflects the period-over-period percentage change.
6. Prices are based on market negotiation levels.

III. Market Outlook

Polyvinyl alcohol supply-side operating rates remain low, while cost-side support is weakening. Downstream demand remains persistently sluggish, with new orders limited to essential needs. Overall trading activity is quiet. Attention should be paid to changes in cost dynamics and market sentiment. The market is expected to trend slightly weaker and consolidate in the near term.

IV. Data Calendar