SunSirs: The Supply Side drives Up, the Price of Some EVA Brands Increased
January 19 2023 10:55:28 SunSirs (Selena)
In the middle of January, the domestic EVA market recovered after falling, and the prices of individual brands rose. According to the data monitoring of SunSirs, the average ex-factory price of domestic EVA was 13,633.33 RMB/ton on January 17, with a 0% increase or decrease from the price level at the beginning of the month.
The domestic EVA market stopped falling and warmed up in the middle of this month, and the price returned to the level at the beginning of the month. On the supply side, the overall industry load in the near future is more than 80%, up from the beginning of the month, and the supply is relatively abundant. The ex-factory price of petrochemical enterprises was raised individually, the price of the auction source was higher, the supply side was acceptable to the price increase of some brands, the market confidence was stronger, and the merchants had a certain atmosphere of speculation. The profitability of manufacturing enterprises also increased. But the holiday is coming, and the demand is weak. The profit of stock preparation before the holiday is about to be exhausted, and the intra-field trading is cold as the operators gradually withdraw from the market.
On the whole, the EVA market is abundant in mid-January, and the downstream demand is gradually calm. In general, manufacturers' pricing supports spot goods, and terminal enterprises just need to take goods to maintain production. It is expected that China domestic EVA market will be stable in the short term.
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