Recently (2.11-2.24), the domestic EVA market has been on the rise. According to the Commodity Market Analysis System of SunSirs, as of February 24th, the benchmark price of EVA in China was 11,000 RMB/ton, an increase of 3.61% from 10,616 RMB/ton on the 11th. The price of EVA raw materials is steadily rising, with support from the cost side. EVA manufacturers have gradually raised their listing prices, and the market is steadily following the trend. Downstream production is gradually increasing after the holiday, providing essential support for EVA demand.

Recently (2.11-2.24), the domestic EVA plant has been operating at around 7.8%. The prices of raw materials ethylene and vinyl acetate are steadily rising, while the cost of EVA is supported. As of February 24th, the price of ethylene in the East China market remained stable at around 7700 RMB/ton, an increase of 100 RMB/ton compared to the previous period; The price of vinyl acetate has risen to around 6,025 RMB/ton, an increase of 100 RMB/ton compared to the previous period.

From the perspective of demand side, downstream factories have gradually increased their production after the holiday, with the photovoltaic industry mainly supporting the demand for EVA. The increase in production of foam factories has strengthened the support for EVA demand.

The future forecast shows that overall, raw material prices are stable and rising, which supports the EVA market. EVA production is basically stable, and there is not much pressure on the supply side; After the holiday, downstream construction has gradually resumed, and demand expectations have increased. Overall, it is expected that the EVA spot market will continue to stabilize and explore an upward trend in the later period.

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