PVA market trends sideways with weak bias as costs stay firm and demand lags

I. Key Focus Areas

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

Core Logic: The polyvinyl alcohol (PVA) market is trending sideways with a weak bias.

II. Price Table

Notes:

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

III. Data Table

Notes:

1. The capacity utilization rate reflects the ratio of actual production output to installed capacity, serving as an indicator of production activity.
2. The production profit margin is industry-level data reflecting the overall profitability across major regions, calculated as the ratio of industry profit to average price.

IV. Market Outlook