SunSirs: Strong Costs & Strong Demand, China EVA Prices Running on the Strong Side

https://www.chemnet.com   Aug 01,2023

Last week, the domestic EVA market remained stable and strong, with spot prices trading sideways at high levels. According to data monitoring from SunSirs, as of July 28th, the average ex factory price of EVA in China was 13,633.33 RMB/ton, an increase of +6.23% compared to the beginning of the month.

The domestic EVA market remained stable and strong last week. On the supply side, the EVA industry maintains a high start-up rate, with an overall load position of around 87%. The market supply has relatively decreased, and there is currently no pressure on factory inventory. The profitability of the EVA polymerization plant is generally stable, with firm factory prices and relatively low shipments at the end of the month. The social inventory pressure is average, and the confidence of traders is supported by aggregation factories, which is relatively strong. On the demand side, the current demand side maintains strong support for the EVA price market. The demand for photovoltaic materials continues to be high, and terminal enterprises continue to stock up, providing significant support for the market. The follow-up of foam materials to terminal enterprises is lagging behind, and the actual price is low, while consumption remains at the off-season level. Last week, the phased stocking of photovoltaic materials tends to be stable, and the overall stocking operation on the site is clearly differentiated. The acceptance of high priced goods by enterprises is still acceptable, and they will operate horizontally after price increases.

　　Overall, the supply of EVA in the market decreased last week, and the downstream demand side is still driven by the main force of photovoltaics. Overall, the enterprise dominates the price adjustment, the factory price adjustment, and the merchants follow the market. The demand for foaming continues to be poor. It is expected that the domestic EVA market will continue to rise in the short term.

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