SunSirs: Strong Demand, China EVA Price tends to be Strong and sorted Out

https://www.chemnet.com   Aug 09,2023 SunSirs

　　Last week, the domestic EVA market remained stable, with spot prices hovering at high levels. According to data monitoring from SunSirs, as of August 4th, the average ex factory price of EVA in China was 13,633.33 RMB/ton, an increase of 0% compared to the beginning of the month.

　　The domestic EVA market has remained stable and strong this week. On the supply side, the EVA industry maintains a high start-up rate, with an overall load position of around 85%. The market supply has relatively decreased, and there is currently no pressure on factory inventory. The profitability of EVA polymerization plants fluctuates broadly within a narrow range, with firm factory prices rising. 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 towards terminal enterprises lags behind, resulting in low actual prices and consumption maintaining at off-season levels, dragging down the overall demand side of EVA. The overall stock preparation operation on the site is clearly differentiated. Last week, the acceptance of high priced goods by enterprises still needs time, with prices mainly operating horizontally.

　　Overall, the supply of EVA in the market remained stable last week, with downstream demand still being driven by the main force of photovoltaics. Overall, companies dominate pricing and businesses follow the market. The demand for foaming continues to be poor. It is expected that the bullish confidence in the domestic EVA market will remain strong in the short term and may continue to rise.

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