In January, China’s PVA market internal adjustment. At the beginning of the month, manufacturers’ quotations slightly increased. Due to some manufacturers offering slightly lower prices, the market sentiment is cautious.

Users stocked up moderately in the middle of the month, and the stocking was basically completed around the middle of the month. The market negotiation atmosphere weakened, and major manufacturers focused on executing orders. There are limited discussions on new orders.

The industry load is average, the market supply is still average. The price upward space is limited due to minimal cost changes.

Operators are mainly light position wait and see. The market negotiation atmosphere is average throughout the month, and there are limited discussions on new orders in the second half of the month.

Remark: The analysis is based on transaction in China’s domestic market, it’s only for reference.
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