At the beginning of November, the domestic EVA market trend continued to be weak, and the price fell. According to the data monitoring of SunSirs, the average ex factory price of domestic EVA was 19,066.67 RMB/ ton on October 30, and 18,733.33 RMB/ ton on November 5. The range of increase and decrease within the week was -1.75%, and -17.35% compared with the same period last year.
At the beginning of November, the domestic EVA market undertook the early weak market. At present, there is almost no good support on the market. On the supply side, the ex factory price of petrochemical enterprises has fallen, and the total domestic inventory position has risen; In terms of demand, there is no obvious change in the demand for photovoltaic materials. The demand for foaming materials is poor. The downstream multi-dimensional companies need to purchase rigid materials. The market trading atmosphere is light. In the early stage, the supply of goods for auction fell sharply, which brought obvious pressure to the market, and affected the current merchants' pessimism. At present, the offer on the market is chaotic, and there are many recessions in the detailed discussion of actual orders, and the price follows the weakening.
To sum up, the current market is affected by multiple bad news. The ex factory price of petrochemical enterprises is falling, the follow-up of terminal demand is insufficient, the downstream is cautious, the follow-up of just needed replenishment is lagging behind, and the market trading atmosphere is cold. It is expected that China domestic EVA market will remain weak in the short term, and the price is still likely to decline.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.