Recently (3.18-3.26), the domestic EVA market has remained at a high level. According to the Commodity Market Analysis System of SunSirs, as of March 26th, the benchmark price of EVA in China was 11,466 RMB/ton, which remained stable at a high level. The overall price of EVA raw materials is stable, and the cost support is stable; The downstream photovoltaic and foam industries urgently need support, and the overall production of EVA has slightly decreased. The listing price of EVA remains strong at a high level, and the EVA market offers are basically stable.

Recently (3.18-3.26), the production of EVA equipment in China has slightly decreased to around 83%. The prices of raw materials ethylene and vinyl acetate are stable, and the cost of EVA has some support. As of March 26th, the price of ethylene in the East China market has remained stable at around 7,300 RMB/ton; The price of vinyl acetate has risen to around 6,050 RMB/ton and is basically stable.

From the perspective of demand side, the downstream photovoltaic industry mainly relies on rigid demand, while the demand for foam terminals is relatively weak. The foam industry mostly purchases on demand and is resistant to high priced sources, resulting in a gradually stagnant market transaction atmosphere.

Market forecast shows that overall, raw material prices remain stable. EVA production is declining, and downstream demand is mainly driven by rigid demand but is resistant to high priced goods. It is expected that the EVA spot market may slightly decline from high levels in the later period.

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