Recently (1.1-1.17), the domestic EVA market has seen a slight increase. According to the Commodity Market Analysis System of SunSirs, as of January 17th, the benchmark price of EVA in China was 10,600 RMB/ton, an increase of 0.63% from 10,533 RMB/ton on January 1st. The price of EVA raw materials is stable and consolidating, with some support in terms of cost. EVA manufacturers' offers are stable and firm, and the market is mainly wait-and-see. Downstream pre holiday stocking provides support for the demand for EVA.

Recently (1.1-1.17), the production of EVA equipment in China has slightly decreased again to around 71%, and the market supply pressure is not significant. The prices of raw materials ethylene and vinyl acetate remain stable with slight adjustments, while the cost of EVA is supported. As of January 17th, the price of ethylene in the East China market has remained stable at around 7,600 RMB/ton; The price of vinyl acetate has risen to around 5,650 RMB/ton, with a slight overall consolidation.

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.

The future forecast shows that overall, the raw material prices are basically stable, which supports the EVA market. EVA production has once again declined, and there is not much pressure on the supply side; The demand side urgently needs support in the short term, but as the Spring Festival approaches, market transactions gradually become sluggish. Overall, it is expected that the EVA spot market will remain stable with a narrow range in the short term.

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