Polyvinyl Alcohol (PVA) Market Morning Brief

I. Key Points

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

Core Logic: The polyvinyl alcohol (PVA) market is experiencing narrow-range fluctuations with a slightly bullish trend.

II. Price Table

Notes:

1. Both vinyl acetate and PVA are premium-grade products.
2. Prices for vinyl acetate and PVA are in RMB, unit: yuan/ton.
3. All RMB prices listed above are ex-works cash-inclusive prices.
4. The two price points represent spot prices from the two previous working weeks before this week, not weekly averages.
5. The change rate refers to the period-over-period percentage change.
6. Prices reflect market negotiation levels.

III. Market Outlook

Some supply-side units for polyvinyl alcohol (PVA) are expected to undergo shutdowns for maintenance, while cost-side support remains strong, sustaining suppliers' willingness to hold prices steady. With the holiday approaching, market trading activity has slowed down. Attention should be paid to downstream procurement progress after the holiday and pricing strategies of production enterprises. The market is expected to trade within a range in the near term.