Recently, China domestic EVA market has been weak and sideways, with spot prices stabilizing. According to data monitoring from SunSirs, as of June 19th, the average ex factory price of EVA in China was 12,833.33 RMB/ton, an increase of -3.51% compared to the beginning of the month.

The domestic EVA market operated weakly and steadily last week. On the supply side, the high opening rate of the EVA industry has eased, and the overall load position has decreased to about 74%. The market supply is still abundant, and factory inventory pressure is still ongoing. The manufacturer's factory price continues to increase, and the profitability of the EVA polymerization plant remains stable. There is also inventory pressure on the social side, and traders tend to give up profits and take orders. On the buyer's side, due to the news of the newly launched devices in the early stage, the stocking operation was cautious, and the follow-up was poor during the week. Terminal enterprises in both photovoltaic and foaming materials have lagged behind in their follow-up, resulting in low actual prices and continued weak trading on the market. Enterprises 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 supply side pressure level in the EVA market remained stable last week, while downstream demand was generally weak. Overall, the factory prices of enterprises are sideways, and merchants are flexible in taking orders. The demand for foaming is particularly poor, and the overall market is empty. It is expected that China domestic EVA market may continue to be weak in the short term.

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