Polyvinyl Acetate Price Trend and Forecast

Polyvinyl Acetate Regional Price Overview

Get the latest insights on price movement and trend analysis of Polyvinyl Acetate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Polyvinyl Acetate (PVA) Price Trend for the Q3 of 2024

Asia

The Asian region experienced more noticeable pricing fluctuations during Q3’24. In countries like China and Singapore, prices for PVA declined due to weak demand from key end-use sectors, such as construction and packaging. The ongoing slowdown in the real estate sector and cautious consumer sentiment further pressured prices downward. However, in the latter half of the quarter, a slight recovery was seen due to reduced production levels and some supply-side constraints. Despite this, the overall pricing trend remained negative, with prices lower compared to the same period last year.
 

Polyvinyl Acetate Price Chart

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Europe

Europe saw a mixed trend in PVA prices during the said period. Early in the quarter, the market faced downward pressure due to weak demand from packaging, construction, and coatings. However, the situation stabilized later in the quarter, partly due to tight supply conditions driven by higher feedstock costs and logistical challenges. Prices in Germany showed some upward movement, but overall, the European market remained subdued. Weak consumer demand, high energy costs, and economic uncertainty kept prices from seeing any significant recovery.

North America

In Q3’24, the PVA market in North America saw a relatively stable pricing environment, influenced by steady supply dynamics and moderate demand from industries such as packaging, adhesives, and coatings. Prices remained largely unchanged, supported by stable raw material costs, including ethylene and acetic acid. However, towards the end of the quarter, there was a slight decline, driven by weak consumer demand and subdued export activity. Despite these minor fluctuations, the overall market showed stability, with no major disruptions in pricing.

Analyst Insight

According to Procurement Resource, the PVA market is likely to remain subdued in the near term, especially in regions heavily dependent on construction and packaging. While some supply-side constraints may support pricing in specific areas, demand weakness in key sectors such as construction and real estate is expected to keep the market under pressure.
 

Polyvinyl Acetate (PVA) Price Trend for the First Half of 2024

Stay updated with the latest Polyvinyl Acetate prices, historical data, and tailored regional analysis
 

Asia

In the Asian market, polyvinyl acetate prices were observed to be fluctuating throughout the first half of 2024. The first quarter was relatively more positively inclined in major trading regions, particularly India and China. These price fluctuations in the polyvinyl acetate markets were primarily driven by the variations in the feedstock crude oil sector. However, as the petrochemical sector dipped in the first half of the second quarter, the PVA prices dived down along with it. However, the upstream and downstream outlooks stabilized again in the latter phase of the second quarter as the crude oil prices started to normalize.

The market concluded its second quarter on a favorable note. In the Indian market, the PVA prices averaged at around 2022 USD/MT (FOB) in January and went up to about 2043 USD/MT by the end of June’24. Similarly, the FOB monthly average prices in the Chinese PVA market went from about 1451 USD/MT in January’24 to around 1474 USD/MT in June’24. The market fluctuations were mostly consolidated.

Europe

In the European market, the overall pricing trajectory was largely positively inclined for the majority of the first quarters of 2024. Initially, the upstream dynamics provided cost support by keeping the production costs elevated. And later on, the downstream demands too started improving pushing the prices even upwards. In Germany, the efforts to revive the manufacturing sector after the commencement of the Russian war also pushed the prices up. In Germany, the average monthly prices went from about 1935 USD/MT in January’24 to around 2014 USD/MT in June’24.

North America

The American polyvinyl acetate market was found to be following the global trend for the entire span of H1’24 as well. Initially, the market was pressurized because of heightened production costs. However, the second quarter saw some instant relief in prices as the crude oil market normalized after that. Overall, mixed market sentiments were witnessed in H1’24.

Analyst Insight

According to Procurement Resource, The PVA prices are expected to rise further going forward as the manufacturing prevails. With the surge in manufacturing costs, the PVA prices are also likely to escalate going forward; overall, a positive price performance is anticipated.
 

Polyvinyl Acetate Price Trend for the Second Half of 2023

Stay updated with the latest Polyvinyl Acetate prices, historical data, and tailored regional analysis
 

Asia

The polyvinyl acetate sector reported subtle growth in China during the third quarter of 2023, primarily based on the surge in the cost of production influenced by the surge in vinyl acetate monomer pricing patterns. The Asian countries reported a noticeable surge in the demand dynamics of the commodity as the automotive and renewables sectors remained the forerunners in driving the market trend.

This eventually resulted in the incline of average polyvinyl acetate prices from 1171 USD/MT to 1508 USD/MT during the third quarter. However, the trend reversed in the next quarter, with the prices falling to approximately 1430 USD/MT by the end of the year.

The traders anticipate that this loss might be the consequence of excess stocking activities and festival slowdown in the Asian industrial sector. Although, in India, the third quarter incline was not as significant as in China, the fourth quarter decline was comparable. The prices eventually settled at around 1998 USD/MT, reflecting the struggling condition of the automotive industries in the region.

Europe

After an initial period of slowdown, European polyvinyl acetate prices improved at a gradual pace during the third and fourth quarters of 2024. The market showcased the resilience of downstream industries amid challenging market conditions and exceeding inflationary pressure and high production costs. The packaging and automotive sectors were the primary drivers of the market. Additionally, improvement in export volumes along with expansion in production volumes further supported an uptrend. The market thus recovered from the initial average of around 1936 USD/MT to settle at approximately 1985 USD/MT in Germany.

North America

Unlike the Asian and European countries, there was no relief for the polyvinyl acetate market traders during the H2 of 2023 as the prices continued their bearish trend throughout. The demand was insufficient to cater to the existing stock volumes, and under the pressure of exceeding inventories, the manufacturers and traders were forced to lower their price quotations. The Inflation Reduction Act was somehow able to initiate the queries from the downstream industries, which might showcase its effect in the adjacent quarters.

Analyst Insight

According to Procurement Resource, the price trend of Polyvinyl Acetate is expected to surge, primarily due to the rise in its feedstock chemicals and the rise in transportation costs amid the ongoing Red Sea crisis and Israel-Hamas tensions.
 

Polyvinyl Acetate Price Trend for the First Half of 2023

Polyvinyl Acetate is the polymer of monomeric Vinyl Acetate; hence, their price trend also align closely with each other. During the first two quarters of 2023, the Polyvinyl Acetate market experienced mixed price trend during the entire period.

The first quarter began on a positive note as the construction sector was looking to revive after a sullen run owing to COVID-19 restrictions. The downstream demands from the construction, paints, and adhesive sectors showed a glimmer at the beginning, as the Polyvinyl Acetate price trend turned north in Q1’23.

However, this change was much short-lived. The long battle of inflation, especially after the Russian invasion of Ukraine, took a toll on spending capacities. As the cost of living crisis grew, the construction business took a backseat, and so did the market offtakes for Polyvinyl Acetate. Inventories were high, yet feeble order queries broke the market momentum, and the price trend again turned south in the second quarter.

Analyst Insight

According to Procurement Resource, given the current market situation, the Polyvinyl Acetate prices are likely to remain low swinging in the coming months as well.

Procurement Resource provides latest prices of Polyvinyl Acetate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.