Introduction
The recovery of domestic demand is expected to support the upward trend of PVA prosperity, and the optimization of the medium to long term optimistic pattern supports the profit center of products
Details
According to Baichuan Yingfu, as of April 20th, the PVA price/PAV carbide price difference was 1.57/9200 yuan/ton,+12%/+44% compared to the beginning of the year. In the future, the domestic economic recovery is expected to continue to support the improvement of product prosperity. On the other hand, although the short-term decline in overseas economic growth may affect PVA exports, in the medium to long term, against the backdrop of overseas PVA enterprises transforming downstream, clearing low-end production capacity, and improving domestic product quality, we continue to be optimistic about the global share of domestic PVA enterprises. At the same time, in recent years, emerging demand for PVA downstream PVB/laundry bead film has continued to grow, while the supply side has resumed production of part of Xiangwei’s 100000 ton device in 22 years, However, there are no other new production capacity in the short term, and the business cycle after optimizing the PVA pattern is expected to be longer.
