ecently (1.17-1.23), the domestic EVA market has remained relatively stable. According to the Commodity Market Analysis System of SunSirs, as of January 23, the benchmark price of EVA in China was 10,600 RMB/ton. 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 (1.17-1.23), the production of EVA equipment in China has continued to slightly decrease to around 6.70%, 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 23rd, 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 5,700 RMB/ton, with a slight overall consolidation.

On the demand side, downstream factory stocking is gradually ending near the Spring Festival, coupled with a reduction in some logistics transportation, resulting in sluggish market transactions.

The future forecast shows that overall, the raw material prices are basically stable, which supports the EVA market. EVA production continues to decline, with little pressure on the supply side; As the Spring Festival approaches, market transactions are gradually slowing down. Overall, it is expected that the EVA spot market will remain stable with a narrow range in the short term.

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