Texas (USA): The prices of Polyvinyl Alcohol (PVA) in the US market were stable. This development was due to weak cost support from the feedstock Acetic Acid. As the PVA manufacturers were operating at a stable rate amid adequate demand from downstream industries like the textile industry as of now. The overall manufacturing sector in the US has been on a decline for several months, but now, due to lowering inflation and increased economic stability, demand from several downstream sectors like the textile industry is picking up, leading to firm downstream inquiries.
Furthermore, Natural Gas prices are expected to be lower due to slower economic recovery globally, leading to lower production costs. Anticipating this, the prices of PVA are likely to increase on the backdrop of rising prices of Acetic Acid. Furthermore, PVA鈥檚 upstream Crude oil is likely to rise due to OPEC+ deciding to cut production,...
