Price trend
At the beginning of March, the domestic EVA market was sorted out and stronger, and some spot prices rose. According to the data monitoring of SunSirs, as of March 3, the average ex-factory price of domestic EVA was 16,166.67 RMB/ton, which was the same as that of last week.
Analysis review
The domestic EVA market was generally stronger in early March. On the supply side, the industry load was generally above 78%, down by nearly 2% from the previous period. The market supply level was normal, the inventory pressure of petrochemical enterprises was low, the factory price was generally strong, and the supply side had some support for the spot price.
At the demand side, the current photovoltaic material trade was good. The demand for foam shoe materials and other models in the previous week was relatively lagging, and was also improving slowly. The mentality of merchants was strengthened and the offer was firm. With the release of EVA downstream enterprises, the on-site trading is expected to strengthen.
Market outlook
Overall, the supply side of the EVA market was at a moderate level at the beginning of March, and the downstream demand gradually improved. On the whole, the manufacturer's pricing supported the spot goods, and the merchants sold the goods at a high price at the beginning of the month. Although the inventory in the midstream has increased, it is expected that the domestic EVA market will be driven by the demand side dominated by photovoltaic materials in the short term and tend to be stronger.
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