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Chinese Polyvinyl Alcohol (PVA) markets remained under strong bearish pressure through late August ****, now into the twelve weeks of decline. Demand from the major downstream applications (cleaning brand detergent pods, agrochemical sachet production, healthcare packaging, textile sizing, etc.) remains unchanged, however selling pressure from oversupply and the continuous decline in feedstock costs have been more than the market can absorb. Local producers are producing unencumbered, their inventory levels to replenish stock were ensured, and fall in feedstock prices (especially for vinyl acetate) continues. The outlook in the short term is negative for the market, further...
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