The domestic EVA market remained stagnant after rising in August, with overall spot prices rising. According to data monitoring from SunSirs, as of August 31, the average factory price of EVA in China was 14,000 RMB/ton, an increase of 2.69% compared to the beginning of the month.
The domestic EVA market remained stable after rising this month. On the supply side, the operating rate of the EVA industry has decreased compared to last month, with a load position of around 68% at the end of the month. Market supply has decreased compared to the previous period, and factory inventory pressure is not significant. The profitability of EVA polymerization plants fluctuates broadly within a narrow range, with manufacturers maintaining stability after factory price increases, with a focus on market growth. The social inventory pressure is average, and the confidence of traders is supported by aggregation factories and tends to be stable. The demand side faces relatively differentiated support from the EVA price market. The demand for photovoltaic materials is still acceptable, and terminal enterprises have a good enthusiasm for stocking, which clearly supports the market. The follow-up of foam materials towards terminal enterprises lags behind, resulting in low actual prices and consumption maintaining at off-season levels, dragging down the overall demand side of EVA. The overall stocking operation on the site is to place orders as needed, and the enterprise has a general acceptance of high priced goods. After the price rises, it mainly operates horizontally.
Overall, in August, the supply of EVA in the market decreased, and the downstream demand side was still driven by the main force of photovoltaics. Overall, companies mainly offer stable prices, with merchants following the market, while some profit taking positions give way to profit taking. The continuous poor demand for foaming has dragged down the overall market. It is expected that September will enter the peak demand season, with improved on-site trading. In the short term, the domestic EVA market may be boosted and strengthened.
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