Recently (12.23-12.31), the domestic EVA market has been steadily consolidating. According to the Commodity Market Analysis System of SunSirs, as of December 31st, the benchmark price of EVA in China is 10,533 RMB/ton, which is basically stable. The price of EVA raw materials is stable, with some support in terms of cost. EVA manufacturers' offers are stable but firm, and the market is mainly wait-and-see. Downstream suppliers tend to stock up on demand, with some resistance to high priced sources.

Recently (12.23-12.31), the production of EVA equipment in China has increased by around 8.0%, and the market supply pressure has once again increased. The prices of raw materials ethylene and vinyl acetate remain stable with slight adjustments, while the cost of EVA is supported. As of December 31st, the price of ethylene in the East China market remained stable at around 7,700 RMB/ton; The price of vinyl acetate has risen to around 5,675 RMB/ton, showing overall stability.

From the perspective of the demand side, the overall downstream demand is dominated by rigid demand. The pre holiday stocking demand of downstream foam production provides some support for EVA, but there is still resistance to high priced sources, with a focus on buying at low prices.

Overall, the stable price of raw material ethylene provides support for the EVA market. EVA production is on the rise, and supply pressure is expected to increase; The demand side urgently needs support in the short term. Overall, it is expected that the EVA spot market will remain stable with a narrow range in the short term.

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