SunSirs: EVA Market Trend Slightly up

Recently (3.3~3.12), the domestic EVA market trend has been up. According to the commodity market analysis system of Sino-Foreign Exchange, as of March 12, the domestic EVA benchmark price was 11,433 RMB/ton, up 1.18% from 11,300 RMB/ton on the 3rd. The high price of EVA raw materials fell slightly, and the cost support weakened slightly; the downstream photovoltaic and foaming industries supported by rigid demand, EVA manufacturers raised the listing price, and the EVA market quotation rose slightly.

Recently (3.3~3.12), the domestic EVA plant operation rate increased slightly to around 84%. The prices of raw materials ethylene and vinyl acetate were stable and slightly lower, and the cost support of EVA weakened. As of February 24, the price of ethylene in the East China market was stable at around 7,500 RMB/ton, down 200 RMB/ton from the previous period; the price of vinyl acetate rose to around 6,050 RMB/ton, up 25 RMB/ton from the previous period.

From the demand side, the downstream photovoltaic industry mainly has rigid demand, and terminals such as foaming mostly purchase on demand, which is resistant to high-priced sources, and the market atmosphere is slightly stalemate.

Forecast for the future market, overall, the high price of raw materials has fallen slightly, and the support for the EVA market has weakened. EVA production has increased, and the downstream is resistant to high-priced sources. It is expected that the EVA spot market may fall slightly from the high level in the later period.

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