The domestic EVA market saw a slight increase in December. According to the Commodity Market Analysis System of SunSirs, as of December 31st, the benchmark price of EVA in China was 10,533 RMB/ton, an increase of 0.96% compared to 10,433 RMB/ton on December 1st.

In the first half of December, EVA production decreased to around 68%, and manufacturers' inventory was not high, gradually increasing their offers, which had a slightly greater impact on the market. In November, the price of raw material ethylene remained strong at a high level, while the price of vinyl acetate stabilized at a high level, providing cost support for EVA. As of the end of December, the domestic price of ethylene in Sinopec East China was 7,400 RMB/ton. The price of vinyl acetate in the East China market is 5,675 RMB/ton.

From the perspective of demand side, the downstream terminals started pre holiday stocking in December, which supported the demand for EVA, but resisted high priced sources, to some extent suppressing the upward trend of EVA market, and low-priced sources in the market shipped smoothly.

The future forecast shows that overall, the prices of raw materials remain strong, which still provides some support for the EVA market. At the end of December, EVA production increased to around 80%, and supply pressure is expected to increase in the later stage; Limited improvement is needed on the demand side. Overall, it is expected that the spot price of EVA will continue to narrow in the short term.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.