For more polyvinyl alcohol priceinformation, please contact us. We will provide professional answers.
For the Quarter Ending March 2024
North America
In Q1 2024, the North America region witnessed a consistent decrease in Polyvinyl Alcohol (PVA) prices. This decline can be attributed to several significant factors. Firstly, there was a notable decrease in demand from downstream industries, particularly the textile sector. This weakened demand exerted downward pressure on prices. Additionally, the availability of ample inventories in the market further contributed to the declining prices.
The USA experienced the maximum price changes during this quarter. The overall trend in the US market was negative, with prices decreasing by 35% compared to the previous quarter in 2024. Moreover, there was a 3% decrease in prices between the first and second halves of the quarter.
This downward trend in prices can be attributed to the weak demand from the textile industry, which is a significant consumer of PVA. Furthermore, the availability of abundant inventories in the market and the lack of significant disruptions in the supply chain also played a role in pushing prices downwards.
The quarter-ending price for Polyvinyl Alcohol in the USA stood at USD 2190 per metric ton, delivered (DEL) Texas. This reflects the overall negative sentiment in the pricing environment for PVA in the North America region during Q1 2024.
Europe
Polyvinyl Alcohol prices in the Europe region for Q1 2024 have experienced a significant increase. The market has been influenced by various factors, leading to rising prices. In the Netherlands, the market has seen the maximum price changes. The overall trend in the market has been positive, with prices steadily increasing throughout the quarter.
One of the major reasons for the price increase is the rising demand from downstream industries, particularly the textile sector. This increased demand has resulted in higher inquiries and a need for more inventories. Additionally, production costs in Europe have remained high due to the ongoing heating season, leading to higher production costs and subsequently higher prices.
Furthermore, insufficient supply has been reported, with longer shipping routes and higher freight rates causing delays and supply shortages. This has further driven up prices in the market.
In terms of seasonality, the first half of the quarter saw a higher price increase compared to the second half. However, overall, the quarter recorded a significant price change of 13% compared to the previous quarter.
As of the end of the quarter, the price of Polyvinyl Alcohol in the Netherlands market was reported at USD 3370 per metric ton CFR Rotterdam. This marks a notable increase from the same quarter last year.
Overall, the pricing environment for Polyvinyl Alcohol in the Europe region during Q1 2024 has been positive, with increasing prices driven by higher demand, production costs, and supply shortages.
APAC
Polyvinyl Alcohol prices experienced a surge in the quarter in China due to heightened demand from the textile industry. Manufacturers maintained operational stability, with no significant disruptions in the supply chain. Although the textile sector saw a year-on-year increase in profits, overall operating revenue saw a slight decrease. International market demand declined, while low coal prices contributed to reduced production costs. Expectations of further increases in upstream crude oil prices are anticipated to drive up Polyvinyl Alcohol (PVA) prices. Moreover, the prices of feedstock Vinyl Acetate Monomer rose, and Methanol contract prices surged, impacting production costs.
The manufacturing sector exhibited expansion yet demand from the textile industry remained subdued compared to pre-Covid levels. China's textile and clothing exports witnessed a decline in 2023, with the domestic fashion sector facing challenges due to weak consumption. These concerns were deliberated upon during the annual meeting of the Chinese Parliament in Beijing. Additionally, it is foreseen that Acetic Acid prices will likely rise.
Furthermore, the Purchasing Managers' Index (PMI) showed an increase in February 2024 compared to January 2024, signalling expansion in the manufacturing sector. However, demand from downstream industries such as textiles remained subdued, albeit showing some improvement compared to the previous year but still falling short of pre-Covid levels. Last year, China's exports of textiles and clothing totalled €269.4 billion, marking declines of 8.1% in textiles and 2.9% in clothing compared to the strong growth observed in 2022.
For the Quarter Ending December 2023
North America
Polyvinyl Alcohol market in North America region in Q4 2023 witnessed a stable market situation with high supply. The demand from downstream industries remained firm, and the demand from the international market was expected to remain steady.
However, the prices of PVA experienced a decline of 3% in December 2023 due to heavy destocking market activity and lower demand from downstream and international markets. The production cost was expected to rise due to the increasing coal prices. In contrast, the prices of Polyvinyl Alcohol in the USA increased by 2% in Q4 2023 due to low inventory levels in the market, leading to a rise in PVA prices. The natural gas prices were expected to be on the lower end, and the demand from the downstream textile industry was expected to remain firm in the USA.
The latest price of Polyvinyl Alcohol DEL Texas in the USA in Q4 2023 was USD 2122/MT. Despite the stable market situation, the prices of PVA experienced a decline of 1% from November to December 2023 in the USA. The significant reasons for the market trends in Q4 2023 were heavy destocking market activity, low inventory levels in the market, and rising coal prices affecting the production cost.
APAC
The last quarter of 2023 saw a decline in the Polyvinyl Alcohol (PVA) market in the APAC region. Several factors impacted the market, including heavy destocking activity, high levels of inventories, and rising production costs due to an increase in natural gas prices. Japan witnessed the most significant changes in prices during this quarter, with a -14% decrease from the previous quarter. Additionally, the Japanese market experienced a -12% decrease in prices during the second half of the quarter compared to the first half. The weak performance of the textile industry and high levels of inventories in the market contributed to the declining prices in Japan. The prices of imports from China remained stable, leading to constant prices of imports and subdued prices of domestic inventories of PVA. Moreover, the prices of PVA were expected to decrease due to the destocking activity in the market and lower demand from the downstream industry. The prices of PVA in the APAC region declined by 36% from the same quarter in the previous year. The quarter ending price of PVA FOB Tokyo in Japan was USD 1636/MT.
Europe
The current quarter of 2023 (Q4) saw a bearish market for Polyvinyl Alcohol (PVA) in the Europe region. The top three factors that impacted the market were heavy destocking market activity, high inventory levels, and an anticipated fall in import prices from the Asian market. The low to moderate demand from the downstream textile industry in both Netherlands and Germany resulted in lower prices of imports from China, the top supplier of PVA to the Netherlands. However, production costs are expected to rise due to the increasing Natural Gas prices, leading to higher LNG costs. The Netherlands saw a significant decrease in PVA prices due to reduced demand from the textile industry and destocking activities towards the year-end. The trend for Netherlands in Q4 2023 was a -5% decrease in prices compared to the previous quarter, with a price of USD 2868/MT of Polyvinyl Alcohol CFR Rotterdam in Netherlands at the end of the quarter. The seasonality and correlation of prices were not mentioned in the provided text. In conclusion, the bearish market for PVA in Europe during Q4 2023 was mainly driven by low demand and high inventory levels, leading to lower prices of imports from China and an anticipated fall in import prices from the Asian market.
For the Quarter Ending September 2023
North America
In the US market, the prices of Polyvinyl Alcohol remained relatively stable and range-bound throughout the quarter. This steadiness was influenced by weak cost support from the feedstock Vinyl Acetate Monomer (VAM) in the US market. Despite this, the market maintained adequate inventories, and there was sustained demand from the textile industry. Furthermore, the Purchasing Managers' Index (PMI) value for the US market stayed below the threshold throughout Q3, signalling a decline in the manufacturing sector over the same period. Additionally, the prices of natural gas remained stable throughout the quarter. Looking ahead, there is an anticipation of price increases in the near future. This expectation is based on the projected rise in prices of feedstock Acetic Acid, and the stability in natural gas prices is expected to persist, contributing to increased production costs. The combined effect of these factors suggests a potential upward shift in Polyvinyl Alcohol prices in the upcoming period. Moreover, an expected increase in demand from the international market, particularly with the arrival of the festival season in the Asian market, adds further momentum to this outlook.
Asia Pacific
The price of Polyvinyl alcohol experienced an increase throughout the third quarter of 2023, driven by a rise in the prices of feedstock Vinyl Acetate monomer. This surge was influenced by low inventories in the market, prompting sellers to withhold inventories with the anticipation of further price increases. However, despite this positive market development, demand from the downstream textile industry remained on the lower side during this quarter. Additionally, the Purchasing Managers' Index (PMI) value stood at 50.60 and 51.00, indicating expansion in manufacturing activity for two consecutive months in the quarter. Moreover, the market witnessed low inventories, leading to inventories being offered at discounted prices. Looking ahead, there is an expectation of further price increases in the upcoming months. This projection is based on the anticipation of increased stocking activity in the market due to the arrival of festivals. Additionally, the prices of Vinyl Acetate Monomer are expected to rise soon, further contributing to the potential upward trajectory of Polyvinyl alcohol prices.
Europe
In the European market, the prices of Polyvinyl Alcohol remained relatively stable and range-bound throughout this quarter. Moreover, there was no significant improvement in demand from the downstream textile industry. The slight increment in the initial period can be attributed to the rising prices of imports, particularly from the Chinese market. Low inventory levels in China led to an increase in the prices of Polyvinyl Alcohol imports from China, and given Europe's substantial reliance on Chinese imports, prices in Europe followed a similar trend. However, the negative market development in the second half was primarily escalated by lower production costs, as natural gas prices remained stable. Additionally, there were adequate inventory levels in the market, despite demand from downstream industries such as textile. In August 2023, the Eurozone's manufacturing Purchasing Managers' Index (PMI) showed a slight increase to 43.5 from the previous month's 42.7, indicating consecutive months of contractions in the third quarter. Looking ahead, there is an expectation of a slight improvement in the prices of Polyvinyl Alcohol in the European market in the upcoming months. This projection is based on the anticipated rise in prices of feedstock Vinyl Acetate Monomer (VAM), indicating a potential positive shift in the market dynamics.
For the Quarter Ending June 2023
North America
The prices of Polyvinyl alcohol in the US market have shown variable market trends. In the first half of Q2, prices incremented, and then in the second half of Q2, prices decremented. This was due to the constant declining prices of feedstock Acetic Acid. Additionally, Furthermore, the prices of Natural gas have decrement throughout Q2, indicating decrement in the production cost. Additionally, there was an adequate inventory level in the market to meet the demand from the downstream industry, like the textile industry. Moreover, the plants were operating at a slower rate with weak demand from the downstream industry, like textiles. Furthermore, demand from the international market, especially from the European market, has also declined, indicating negative market sentiments. Additionally, the PMI value for the month of June was 49, 46.30 in May, and 48.4 for April, indicating the contraction of the manufacturing sector throughout Q2. Thus, as of June end of Q2, the prices of PVOH in the US market were stated at USD 2948/MT.
Asia-pacific
The Polyvinyl Alcohol market in China declined throughout Q2 due to low demand from a downstream industry like textiles. Furthermore, as of Q2, there was a constant decline in the prices of feedstock Acetic acid explaining the declining prices of PVOH. Additionally, the demand from the international market has declined amid global economic uncertainty. Furthermore, coal prices decremented, causing decrement in the input production cost. Moreover, the deflation problem and slow economic recovery in China created an overall pessimistic market view. Furthermore, the plants were operating at a slower rate amid weak downstream demand, and due to constantly declining prices, there were negative market sentiments as buyers were hesitant to procure large orders. There was a deflation problem in China as the inflation rate was stated at 0.1 in April, 0.2 in May, and nil in June. This was due to demand problems in China for both domestic and international markets. Therefore, as of June, the prices of PVOH in China were stated at USD 1866/MT.
Europe
In the European market, the prices of Polyvinyl Alcohol have shown a bearish market throughout Q2. This was due to declining demand from the downstream industry like textiles as continued high inflation and rising interest rate, which continue to curb the purchasing power of end-stream industry consumers. Additionally, there was an adequate inventory level in the market to meet downstream demand. In Addition, due to the constant lowering of prices, there were negative market sentiments and hesitance in the market for procurement of large orders. Moreover, there was a free flow of cheap imports from the Asian market, with freight charges declining as of Q2, which led to an overflow of inventories in the market amid declining demand from the downstream industry. Furthermore, PMI for Germany for the second remained below 50 for June, indicating a contraction in the manufacturing sector. Thus, as of June end of Q2, the price of PVOH in the European market was stated at USD 3346/MT.
For the Quarter Ending March 2023
North America
In the North American region, Polyvinyl Alcohol (PVOH) prices continued their bearish rally during the first quarter of 2023 on the back of sluggish market fundamentals. Meanwhile, the feedstock VAM prices declined, providing limited cost pressure to the PVOH market. In terms of supply, local suppliers had sufficient stock on their shelves to meet the demand due to stable operating rates. However, market participants reported weak demand in the domestic and overseas markets owing to limited offtakes from downstream textile, paper, and food industries. After Federal Reserve increased its interest rates to curb the rising inflation in the country, the price increment in the commodities was not observed in the US. Consequently, the price of PVOH settled at USD 2780/MT FOB Texas as of March 31.
Asia- Pacific
During the first quarter of 2023, Polyvinyl Alcohol (PVOH) prices in the Asia-Pacific region demonstrated an overall downward trend. In China, the PVOH market had a negative start to the quarter due to a decline in procurement from downstream industries such as textile, paper, and food industries. Market participants have reported ample material availability amid weak procurement rates. Production rates have remained stable, availing a firm inflow of PVOH in the spot market. Purchasing activities from Asian and European countries toned down amid weakened demand which resulted in fewer offtakes from the PVOH market, leaving market participants to clear their stocks at lower prices. Therefore, the PVOH prices for FOB Qingdao settled at USD 2240/MT on March 31.
Europe
In the European region, PVOH prices remained on a downswing during the first quarter of 2023, along with bearish market sentiments. Dwindling cost pressure over the PVOH market was there on the back of declining feedstock Vinyl Acetate monomer (VAM) prices. Despite a slowdown in factory activity, domestic suppliers had sufficient inventories with them due to a steady flow of cheaper imports from overseas markets. However, the demand from downstream textile, paper, and packaging industries remained sluggish, with limited instances of new orders of PVOH. Moreover, buyers were reported to have chosen a cautious stance and to be keeping an eye on the short-term market outlook to understand the fundamentals of pricing better. Because of this, some distributors were forced to trim their prices as market activity was not up to expectations so far. As a ripple effect, the prices of PVOH settled at USD 3100/MT FD Hamburg on March 31.
For the Quarter Ending December 2022
North America
US Polyvinyl Alcohol prices have declined substantially in Q4 2022. Consumer sentiment has declined in the US market in the last three months, which has been vindicated by the drop in US Manufacturing Purchasing Index (PMI) that dropped below 50 (i.e., 49.7) in November, signifying a contraction in manufacturing and industrial activity. The holiday season further contributed to the weak demand dynamics of several commodities, including Polyvinyl Alcohol. Imports have been ample on the US shores as the freight charges dropped sharply while the global demand sentiment has been sluggish, resulting in better availability for exports to the international market. While, the feedstock VAM prices remained weak, further easing the cost pressure on PVA. Thus, as of December 2022, Polyvinyl Alcohol prices have been assessed at USD 3200 per MT FOB Texas.
APAC
Polyvinyl Alcohol prices have continued their downward decline in the last quarter of 2022. Weak cost pressure from feedstock Vinyl Acetate Monomer (VAM) and declined demand dynamics from downstream packaging and construction industries resulted in waning prices of Polyvinyl Alcohol. On the other hand, demand from the international market has been stable as the Chinese market participants reported consistency in volume offtakes from the global market. Meanwhile, the Chinese ports of Ningbo and Qingdao faced the wrath of typhoon Muifa and typhoon Hinnamnor. Ports announced a reduction in port activities and shutdowns, while LNG import terminals were also closed off. Supply dynamics have strengthened after the supply chain disruptions caused by typhoons in October 2022. Demand dynamics were further worsened by growing concerns regarding the resurgence in covid cases. As of November 2022, PVA prices have been assessed at USD 2435 per MT FOB Qingdao.
Europe
Polyvinyl Alcohol prices have continued their downward slide during Q4. The continual decline in feedstock Vinyl Acetate Monomer prices, coupled with stable demand from the downstream packaging industry, culminated in weak pricing sentiment in the European market. Energy prices have remained on a consistent decline during the last quarter after upheaval in Q3. Imports from the Asian market continue to remain cheap on European shores, further easing PVA prices. Freight charges have dropped sharply on Asia to Europe route, assisting the inflow of imports on the European shores. As of November 2022, Poly Vinyl Alcohol prices were assessed at USD 3875 per MT FD Hamburg.
For the Quarter Ending September 2022
For more information, please visit pharmaceutical chemicals suppliers.
North America
Polyvinyl Alcohol prices declined throughout the third quarter of 2022 in the North American region owing to weak cost pressure and limited demand from downstream industries. Feedstock Vinyl Acetate Monomer (VAM) prices deteriorated sharply in the US market as the upstream Acetic acid prices also witnessed a substantial decline. A drop in VAM prices, along with weak demand from downstream polymers, culminated in soft pricing sentiment of Polyvinyl Alcohol. Meanwhile, the US witnessed major port congestions in several ports, including the port of Houston, which delayed the export of the material into the international market. Thus, after the conclusion of Q3, Polyvinyl Alcohol prices were assessed at USD 4854 per MT FOB Texas.
Asia Pacific
Polyvinyl Alcohol prices remained on a declining trend throughout the third quarter owing to a sluggish feedstock market and underwhelming demand from downstream polymer industries. Feedstock Vinyl Acetate Monomer prices dropped significantly in the Asia Pacific region owing to a consistent fall in the upstream Acetic acid prices. Overall, the energy market remained comparatively stable as both crude oil and Naphtha prices declined in Q3, which eased the cost of production. Meanwhile, demand from the downstream polymer industry remained stable to weak, which resulted in stagnant consumption levels. The landfall of two typhoons ravaged the port activities in Japan, South Korea, and China, which resulted in curtailed supply chain dynamics towards the end of the third quarter. Thus, after the conclusion of Q3, Polyvinyl Alcohol prices were assessed at USD 3116 per MT FOB Tokyo.
Europe
The inflow of cheaper imports from the Asian market resulted in a declining trend of Polyvinyl Alcohol in the third quarter in the European region. The threat of European recession intensified during the quarter, and the inflation rates in several key economies breached record levels. The high inflation rates and soaring energy prices culminated in weakened consumer sentiment, which limits the consumption rates, thus curtailing overall demand in the downstream industries. The polymer market as a whole observed an underwhelming quarter as the ample supply outpaced the limited demand. Thus, after Q3, Polyvinyl Alcohol prices were assessed at USD 4854 per MT FD Hamburg.
For the Quarter Ending June 2022
North America
The prices of Polyvinyl Alcohol surged consistently in the USA market during the second quarter of 2022. Major Polyvinyl Alcohol manufacturers in the United States had to revise their prices due to rising feedstock Vinyl Acetate Monomer (VAM) prices, soaring utility costs, and disrupting supply chains. Furthermore, escalated energy costs and inflationary pressure amid the Russia-Ukraine conflict severely impacted the global petrochemical market. In addition, the strong downstream enquiry from textile and medical industries further exacerbated the market value of Polyvinyl Alcohol during the entire quarter. Conclusively, the assessed value of Polyvinyl Alcohol at FOB Texas was USD 5580/MT in April, which increased to USD 5760/MT in June and marked a rise of 3.23%.
APAC
The prices of Polyvinyl Alcohol First inclined and then declined in the Asia-pacific region during quarter 2 of 2022. In China, the Polyvinyl Alcohol prices increased in April due to increased demand, surged energy prices, congested ports, and raised freight charges in the country. The Polyvinyl Alcohol value dropped in May and June due to abundant supply. As the cost of feedstock Vinyl Acetate Monomer (VAM) and upstream Acetic Acid was slumping in the domestic market, so was the market value of Polyvinyl Alcohol. Besides, the downstream demand from the textile, paper, and food packaging industry was mostly weak during the quarter.
Furthermore, in the last few weeks of June, Polyvinyl Alcohol Prices dropped even further as the covid-19 related restrictions relaxed. Thus, after a consistent reduction, the price value of Polyvinyl Alcohol got settled at USD 3765/MT FOB Qingdao in June. Likewise, the price value of Polyvinyl Alcohol first propelled and then plummeted in the Indian domestic market as China is the major exporter of Polyvinyl Alcohol to India. Hence, increasing and decreasing prices also impacted India's market value. Conclusively, the evaluated worth of Polyvinyl Alcohol at Ex-Mumbai was USD 4179/MT in June, which was USD 4277/MT in April.
Europe
Europe mirrored the North American market and showcased a similar pricing trend for Polyvinyl Alcohol during the second quarter of 2022. Supply shortages and raw material price hikes were two significant factors behind the price surge of Polyvinyl Alcohol in the European market. Meanwhile, the soared energy costs escalated logistic charges, and increased inflationary pressure amidst Russia-Ukraine war tensions further propelled the Polyvinyl Alcohol value upwards. Furthermore, the offtake from downstream paper, textile, and food packaging industry was robust, which led to a price hike in Polyvinyl Alcohol. Thus, the assessed price of Polyvinyl Alcohol at FD Hamburg was USD 6015/MT during June.
For the Quarter Ending March 2022
North America
Regardless of tepid demand from the downstream market, rising raw material cost stayed a significant reason for concern for key players of Polyvinyl Alcohol. Narrowing net revenue convinced players to raise their offers, while temporary dullness opposed them from announcing frequent cost revisions. Also, worldwide inflationary tension concerned vital participants in US market, as rising input cost dented their overall revenues. In this quarter, the cost of Polyvinyl Alcohol surged by 2% with respect to the previous quarter. Polyvinyl Alcohol prices in the USA were observed at USD 4500/MT in March. Feedstock VAM market sentiments likewise stayed tepid with crushed profit and low inventories among the ventures.
Asia Pacific
In Q1 2022, market sentiments of Polyvinyl Alcohol remained weak in the first half of the quarter due to narrowed demand and weak trading environment. However, in second half the prices surged showcasing high demand from the consumer’s end. In China, prices of Polyvinyl Alcohol towards the end of the quarter were observed at USD 3813/ton FOB Qingdao. As PVOH market experienced oversupplies, its prices dropped, and profit got crushed strongly with more than reasonable range. However, the demand in the overseas market was observed to be healthy which led to the improvement in its offtakes by the end of the first quarter in India. In India, prices of Polyvinyl Alcohol were assessed at USD 4441/ton Ex-Mumbai in March 2022.
Europe
European market has been witnessing Russia-Ukraine conflict with exorbitant climb in energy cost which shook the market elements of the region. Due to the rigid shortage of raw material Vinyl Acetate Monomer amid consistent bounce back in economic exercises, costs of a several commodities soared in a small range of time. In the meantime, key global players like Kuraray Europe increased their product cost by huge figures because of exponential rise in the input cost. In Germany, the cost of Polyvinyl alcohol surged by 6% in this quarter compared to last quarter and was assessed in the range between USD 5000-5250/MT. Logistics constraints and surging transportation cost further boost the prices in the domestic market of Germany.
For the Quarter Ending December 2021
North America
Contrasted with the past quarter, the costs of Polyvinyl Alcohol in North America saw to be on the on higher side in Q4 2021. Supply of Feedstock acidic acid and Vinyl Acetate Monomer was tight for major part of the quarter as VAM remained for the most part in upswing all through the quarter. Slight steadiness in the costs of Polyvinyl Alcohol was spotted toward second half of the December. When compared monthly, the demand in October was seen to be on high side compared with rest two months. In October, the costs increased because of supply deficiency which keep up with the interest vigorous however in rest of the two months the major Polyvinyl Alcohol players had given the adequate stock and the costs fell comparatively. Downstream water treatment chemical and dye industry additionally battled with drastic price increment and lack of PVA impacted their production.
Asia Pacific
In Q4, the prices of Polyvinyl Alcohol skyrocketed to new heights with increase in demand mainly in China and shortage of raw material. The significant increase in the cost of key raw materials and utilities resulting from a rise in crude oil prices have affected the rates marginally. Furthermore, the domestic traders continue to experience pressure from soaring logistics and manufacturing costs associated with increased costs for facility maintenance and renewal. The FOB Qingdao prices for PVOH was raised by the USD 15 per tonne on w-o-w basis and the domestic price was assessed at USD 4060 per tonne in the last week of December. In India, the prices in the last week of quarter were 396/ton Ex-Mumbai. However, in the last week demand has remained stable in the domestic market. Restricted imports have compelled traders to implement consistent positive revisions. Besides, they have also been safeguarding their revenues, by transferring the freight cost pressure to the consumers.
Europe
In Q4, the costs of Polyvinyl Alcohol raced to the new statures with increased feedstock VAM and acidic acid costs. In October, the price of Polyvinyl Alcohol in Germany were surged to $4975/ton FD Hamburg. A critical reduction of long stretch shipments Europe to Asian market, more fragile cracker activities in the final quarter from low margin and logistics constrains additionally represented the tight equilibrium. There was a spike in PVOH estimating following the energy curtailment as many plants were closed down due to the government intervention. Maximum usage of energy in the manufacturing of Acetic Acid has likewise affected the significant expenses.
For the Quarter Ending September 2021
North America
The market outlook of Polyvinyl Alcohol experienced an upward trend in the North American region during Q3 2021 backed by the firm demand from the downstream construction and packaging sectors. Increased prices, low availability, and high shipping charges of upstream feedstock such as VAM led to a steep surge in the prices of PVOH across the region. Sharp rise in the prices of ocean freight, and rising utility cost, prompted a leading Japanese manufacturer to announce upward revision (~ $500/mt) in the price of PVA for all its July-September shipments destined to North America.
Asia
During the third quarter of 2021, the prices of PVOH rose effectively in the regional market of the Asia Pacific region. In India, taking support from the hiked raw material prices, the prices of Poly Vinyl Alcohol (PVA) shot up effectively across the country. Ex-works pricing of PVOH escalated from USD 2846/MT to USD 3172/MT from July to September. Continuous inflation in feedstocks led the prices of several downstream derivatives to ramp up significantly. Leading producers revealed that, due to the steep rise in raw material VAM (Vinyl Acetate Monomer) prices, their margins thinned in Q3.
Europe
The European PVOH market witnessed an upward trajectory in the pricing trend. PVOH pricing remained on an uptick across the region in Q3 of 2021 due to strong demand from the downstream manufacturers. In addition, tight supply of PVOH due to disrupted supply chains and soaring freight costs resulted in increased prices of Polyvinyl Alcohol across Europe. PVOH prices followed an uptrend and shot up from USD 4655/MT to USD 4915/MT FD Hamburg in Q3 2021.
For the Quarter Ending June 2021
North America
Polyvinyl Alcohol (PVOH) demand maintained buoyancy across North America region throughout the quarter. Improved construction activities and packaging sector raised the demand for Polyvinyl Alcohol during this timeframe, while the supply activities remained limited initially. During the month of April, price of PVOH rose effectively due to scarcity of feedstock Vinyl Acetate monomer (VAM) and disturbed transportation activities, which later resumed, and prices ease again to reach normalcy. Therefore, the price of the product fluctuated a little and finally settled at USD 1355/MT during the month of June 2021. A leading global PVOH producer, Sekisui announced increment in price of its PVOH by USD 360/MT for Low viscosity and USD 450/MT for medium and High Viscosity for North America region effective from Q3 2021.
Asia
Polyvinyl Alcohol (PVOH) market remained firm throughout the quarter across the APAC region, bolstered by stable to high demand amid rising feedstock prices. Prices rose across Japan and South Korea during this quarter, which turned buyer’s interest toward cheaper cargoes from China. However, in China, prices were rising too, due to high demand and global rise in the feedstock VAM prices. While in India, Polyvinyl Alcohol prices increased due to low availability and expensive imports, although the demand was dented by the resurgence of pandemic in the country. Thus, after gaining tremendous momentum, price of PVOH settled at USD 2634/MT and USD 3056/MT for China and India respectively during the last week of the quarter.
Europe
The European countries also had to battle with global scarcity and soaring prices of PVOH during Q2 2021. While the demand remained sturdy and strong, the prices also increased effectively across the region. Sekisu, increased its Polyvinyl Alcohol prices for the global market, while highest the rise came into effect across EMEA, i.e., USD 423/MT for low viscosity and USD 530/MT for medium and high viscosity, effective from July 2021. The market reported persistent tightness in supplies due to halted supply chain activity and soaring freight cost.
For the Quarter Ending March 2021
North America
Freezing cold weather snapped the output of most of the chemicals from USA, during Q1 2021. Due to this crisis, the global market faced extreme shortage of major raw materials, including VAM (vinyl acetate monomer), which is a major building block of PVA. Several feedstock manufacturing units across Texas faced force majeure due to unfavourable weather conditions, like Calanese VAM manufacturing unit in Texas. Despite of high shortage across the region, traders prevented themselves from opting for raw materials coming from Middle East and Asia due to their high prices. This ended up forcing several manufacturers raise their PVOH offers by multi-year highs in the quarter.
Asia
The Asian market received a sharp rise in PVA prices due to rise in price of key raw materials amid global shortage. After Chinese Lunar year holidays, inventories were running low, but the demand remained consistently firm, which led the prices to rise effectively across the region. In addition, soaring freight cost and container shortage also pushed the prices of feedstock chemicals to rise, led to rise in PVOH prices. Increment of USD 228/MT was observed in the Chinese market from January to March ending, which settled at USD 2040/MT during March.
Europe
Similar to the global scenario Europe also faced shortage of major feedstock chemicals amidst stable demand from the downstream sectors. Several manufacturers raised prices to sustain their margin, as the prices of raw materials were rising consistently. Wacker polymers raised their PVOH solution prices by up to USD 120.6/MT in effect of the similar concerns, meanwhile the prices of PVOH in Europe were hovering around USD 1280/MT during February.
For the Quarter Ending December 2020
Asia-Pacific (APAC)
Polyvinyl alcohol (PVA) supply remained short due to power outages and production cuts at the upstream vinyl acetate monomer (VAM) plants. Major producers of the feedstock such as Dairen Chemicals Corporation, Celanese, and Sinopec Sichuan Vinylon reduced their production capacities due to shortage in the upstream natural gas during peak winter season in the North-Eastern region followed by congestion reported at Panama Canal towards the end of the quarter. The minimal access to ocean freight meant limited raw material availability affected by the crude oil production cuts by the OPEC. Demand for PVA remained healthy throughout the region because of buoyant demand from the packaging films sector, display films and other specialty formulations. Pushed by demand and an upsurge in the raw material, PVA price in the Asia Pacific registered a hike of an average of USD 200 per MT in December.
Europe
Europe’s sustaining activity in the construction and the packaging films sector propelled the regional demand for PVA in Q4. The product supply was heard affected by the production outages at some upstream units throughout the region and container shortages prompting high priced imports. The European Union initiated the anti-dumping conquest over low priced imports of Chinese Polyvinyl Alcohol at the start of the quarter. The regional traders reported low inventory levels and spiked crude oil prices as the key reasons pushing up the price curve. Extending sharp feedstock rates to its customer, a leading European producer announced increment in the prices of Polyvinyl Alcohol by an average of USD 160 per MT in December.
Polyvinyl Alcohol Price Outlook. The price of Polyvinyl Alcohol (United States) increased during April 2019 to 2,160 USD per metric ton, which represents a slight rise of 3% compared to the previous month’s value. On a year-over-year basis, the prices of Polyvinyl Alcohol (United States) increased by 6%. Meanwhile, the average price of Polyvinyl Alcohol (China) amounted to 1,750 USD per metric ton, from 1,570 USD per metric ton one year earlier. On a month-over-month basis, the price of Polyvinyl Alcohol (China) is 0.6% lower than the price one month before.
The price of Polyvinyl Alcohol (Europe) declined throughout April 2019, reaching 2,270 USD per metric ton. The price is 4% lower than the average price in the previous month and 2% higher than the average price one year before.
If you want to learn more, please visit our website Sodium lauryl trioxyethylene sulfate .