Recently (9.10-9.20), the domestic EVA market has been weakly consolidating. According to the Commodity Market Analysis System of SunSirs, as of September 20th, the benchmark price of EVA in China was 10,233 RMB/ton, a decrease of 0.32% from 10,266 RMB/ton on September 10th. The price of EVA raw materials has slightly increased, but the supply and demand are still weak, and the EVA market is mainly consolidating in a narrow range.

Recently (9.10-9.20), the domestic EVA plant construction has slightly decreased but still maintained a high level, and the market supply pressure is still significant. The price of raw material ethylene has significantly decreased, while the price of vinyl acetate has slightly increased, and the cost support for EVA has weakened. As of September 20th, the price of ethylene in the East China market has decreased by 150 RMB/ton to around 7,400 RMB/ton compared to early September, while the price of vinyl acetate has increased by 25 RMB/ton to around 5,500 RMB/ton compared to early September.

From the perspective of demand side, the EVA terminal industry has been operating weakly recently. A small amount of inventory was stocked before the National Day holiday, and overall market transactions were not high. Under the overall high supply and low demand situation, the EVA market was mainly under pressure.

Future forecast: Overall, the price of raw material ethylene has significantly decreased, which has a bearish impact on the EVA market. EVA production is still at a high level, and supply pressure still exists; In the short term, the demand side has weak support for rigid demand. Overall, it is expected that EVA spot prices will continue to consolidate weakly in the short term.

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