SunSirs: China EVA Market Eased after the Falling in December 2022 due to the High Start Up and Low Demand

In December, the domestic EVA market trend stabilized after falling, and the price decline was concentrated at the beginning of the month. According to the data monitoring of SunSirs, the average ex factory price of domestic EVA was 13,633.33 RMB/ton on December 31, up and down by -16.70% compared with the price level at the beginning of the month.

At the beginning of the month, the domestic EVA market undertook the rapid decline in the early period, with a concentrated decline in the first ten days. On the supply side, the ex factory price of petrochemical enterprises was lowered in January, and the overall industrial load was more than 80%, a large increase over the previous month. The supply of goods is sufficient within the month, the market competition is fierce, the supply side's support for ex factory prices is relatively general, and the profitability of production enterprises is weak; In terms of demand, the stock of photovoltaic materials is particularly poor. In the middle and late ten days, the demand for foaming materials was stimulated by the price reduction and entered the market, and the consumption has recovered. From the last ten days to the end of the month, some downstream areas had stock operations, and the market trading volume was increased, and EVA prices began to stabilize. At present, merchants are still cautious.

In general, EVA market supply was abundant in December. After the sharp drop in the first ten days, some downstream demand entered the market to support spot prices. On the whole, the downstream enterprises are still cautious, and it is expected that China domestic EVA market will be mainly operated at a low level before the festival in the short term.

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