SunSirs: Insufficient Terminal Demand, China EVA Prices Continue to Fall

The weak trend of domestic EVA market continued in late November, and the price fell. According to the data monitoring of SunSirs, the average ex factory price of domestic EVA was 18,733.33 RMB/ ton on November 1 and 17,233.33 RMB/ ton on November 28, with an increase or decrease of -8.01% and -20.46% compared with the same period last year.

In late November, the domestic EVA market undertook the early weak market. On the supply side, petrochemical enterprises resumed some production lines last week, and the load increased. The industry's operating rate was above 60%. The domestic supply is abundant, the total inventory position is high, and the market competition is fierce, dragging down the factory price; In terms of demand, the demand for photovoltaic and foaming materials has not improved, and the consumption is not good. The downstream multi-dimensional companies maintain their production with rigid procurement, and the market trading atmosphere is light. The sharp drop in auction supply in the first half of the month brought obvious pressure on the market, and the petrochemical plant lowered the factory price, which affected the current pessimistic mentality of businessmen. Last week, the traders in the market had a negative attitude, and the offer continued to fall with the petrochemical plant. There was a large space for real order negotiation, and the operation was dominated by giving up profits and taking orders.

In general, the current market demand has not improved, the downstream is cautious, the just needed replenishment is lagging behind, and the market trading atmosphere is cold. The industry load rebounded by 10%, and the market supply pressure increased rather than decreased. It is expected that China domestic EVA market will continue to operate in a weak position in the short term.

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