SunSirs: Low Consumption, China EVA Market Goes Down

Recently, the domestic EVA market has weakened, and spot prices have often fallen. According to the Commodity Market Analysis System of SunSirs, as of May 28th, the benchmark price of EVA in China was 11,300 RMB/ton, with a price increase or decrease of -0.29% compared to May 1st.

The domestic EVA market has recently shifted from rising to falling, with an average supply side load of around 69% for domestic EVA enterprises. The market supply is abundant, and under supply pressure, petrochemical plants dynamically adjust their load. The manufacturer's information is insufficient, and the pricing has been lowered. Overall, the EVA supplier's support for spot goods is average.

From the demand side perspective, recent EVA terminal enterprises have seen significant stability in production, with weak stocking conditions and a strong demand for purchasing. Traditional downstream industries such as foam shoe materials and cables are gradually entering the off-season market, with few new orders. The consumption level of photovoltaic materials has limited changes, and the increase in stocking is not significant. The negative atmosphere in the market remains, and actual trading is cautious. Merchants have a negative attitude and actively offer discounts and take orders. Overall, the demand side has poor support for EVA.

Overall, EVA prices have been operating weakly recently. The market for raw materials ethylene and vinyl acetate has not changed much, and the support for the EVA market is relatively weak. The industry load has fluctuated and adjusted, with factory prices of petrochemical plants falling and supplier support declining. The overall development of the demand side is poor, dragging market momentum. It is expected that the spot price of EVA will continue to operate weakly and steadily in the short term.

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