On February 9th, it was reported that on February 4th, the signing ceremony for the 100,000-ton polyvinyl alcohol (PVA) project between Hunan Xiangwei Co., Ltd. and the State-owned Investment Company of Kekedala City, Xinjiang, was held at the State-owned Investment Building. Chempricehub analyzed polyvinyl alcohol with a long-short rating of -1. The signing ceremony indicates that Hunan Xiangwei Co., Ltd. and the State-owned Investment Company of Kekedala City, Xinjiang, are collaborating to build a 100,000-ton polyvinyl alcohol production capacity, signaling an increase in future supply. The expectation of increased supply is likely to exert downward pressure on the spot price of polyvinyl alcohol, as the market supply-demand relationship may shift toward a more relaxed state. The rating of -1.0 indicates a generally bearish impact, based on the project's large scale but not yet operational status, with the effect being a medium-term expectation rather than an immediate shock.