In the past month, the domestic EVA market has been operating passively, with spot prices experiencing a significant decline. According to the Commodity Market Analysis System of SunSirs, as of June 12th, the average factory price of EVA in China was 12,833.33 RMB/ton, with a month on month decrease of 9.41%.

Since mid May, the performance of the raw material ethylene market has been weak. The cost of petroleum brain has been affected by fluctuations in crude oil, resulting in a decline of more or less, and the wait-and-see sentiment in the international market has intensified. At present, there is sufficient domestic supply of goods, light trading volume, and overall market momentum is sluggish. At present, there is a lack of bullishness on the market, and ethylene prices may continue to be weak; The trend of vinyl acetate has also been weak for a month, with downstream factories in China operating poorly and on-site consumption leaning towards maintaining production. New production and increased maintenance coexist on the supply side, but the market has abundant inventory and the pattern of surplus supply remains unchanged. Due to poor support at the raw material end, the spot market of vinyl acetate has been weak during the cycle. The market for EVA raw materials has both weakened, weakening support for the EVA market.

In the past 30 days, the main pattern of operating rates in the EVA industry has been a high adjustment. The overall construction of interval enterprises started from high to low, with a consolidation and operation range of 92.5% -80%. In June, although there has been an increase in maintenance for domestic EVA enterprises, the operating rate has not been elevated due to the impact of the production of the new Gulei device. In terms of production, the synchronous high continues, with a monthly production of approximately 205,300 tons, and the market supply is abundant. There is pressure on factory inventory, and factory prices have been lowered. Social inventory is also under pressure, and traders tend to give up profits and take orders, resulting in a significant drop in spot prices of mainstream brands within 30 days. Although the factory intends to maintain stable factory prices and stabilize the market, it is helpless for the resumption of product supply to impact the market. EVA suppliers have poor support for spot goods.

In the past month, the domestic market atmosphere for EVA has been weak and difficult to change. The buyer camp is also affected by news such as new production devices, and stocking operations are cautious. Terminal enterprises have lagged behind in following up, with frequent low prices in shoe materials and other aspects, resulting in weak demand for foaming materials for a long time. The main consumer of photovoltaic materials in the early stage is also gradually extinguishing the demand due to the long-term impact of high industry load and high inventory. The mentality of merchants is low, and the smoothness of sales is not good, so there is room for potential decline in real price negotiations. In terms of overall transaction prices, the market tends to buy on dips, and companies have resistance to high priced sources of goods. The current demand side continues to have a bearish impact on the EVA price market.

Overall, the EVA market has shown negative performance in the past month, with prices falling by nearly 10%. The raw material market is weakening, and there is insufficient support for EVA spot sales. Downstream demand is sluggish, with poor support for EVA spot sales. Overlay EVA industry with high load and high inventory. Causing difficulties in finding long-term benefits in the domestic EVA market, the polymerization factory lowered the factory price to inventory, and traders followed suit. The current market offers often offer discounts, resulting in an increase in price reduction and order taking operations. In summary, the main guiding factor in the current market is the supply-demand contradiction, but the price of EVA has fallen to a low point, and it is expected that China domestic market for EVA may still narrow in the near future.

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