1、 Price trend

 

POLYVINYL ALCOHOL

According to the monitoring of the commodity market analysis system of Shengyishe, palm oleic acid remained stable this week. As of May 17th, the mainstream price of palm oleic acid (purity ≥ 70) in China was 11466.67 yuan/ton, which remained unchanged from last week and increased by 0.29% compared to April 1st.

 

2、 Market analysis

 

Cost side:

 

At the beginning of the week, the average price of palm oil in the market was 7770 yuan/ton, and on weekends, the average price of palm oil in the market was 7884 yuan/ton, an increase of 1.47%. The palm oil market is mainly on the rise. Due to the increasing production cycle of Malay palm oil, palm oil experienced a pullback after rising. Long and short intertwined, the palm oil market fluctuated and rose overall, with gains exceeding 1%.

 

Supply and demand side:

 

PVA 0599 (PVA BF05)

The load rate of the oleic acid industry this week remained unchanged from last week. The on-site supply of goods is abundant, and the speed of delivery has slowed down. The factory’s listed prices have remained stable, and downstream demand for follow-up has resulted in limited trading volume.

 

Operation of Palm Oleic Acid Plant

 

Region/ Production capacity (10000 tons/year)/ Device status

Jiangsu and Zhejiang regions/ 8./In operation

Shandong region/ 5./In operation

Guangdong and Fujian regions/ 7./In operation

 

3、 Future Market Forecast

 

At present, the domestic market for palm oleic acid is generally operating steadily. On the cost side, palm oil has fluctuated, but overall the market is rising, with positive support; The operating rate of palm oleic acid is around 6.3 layers, and production is stable. The spot supply in the market is loose, with downstream buyers mainly focusing on demand and short-term consolidation of strong palmitic oleic acid.

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