SunSirs: China EVA Market Rose in the Early Stage and slightly Declined in the Later Stage since June

https://www.chemnet.com   Jun 20,2024 SunSirs

Recently, the domestic EVA market has experienced a surge in the early stages and a slight decline in the later stages, resulting in an overall upward trend in prices. According to the Commodity Market Analysis System of Business Society, as of June 19th, the benchmark price of EVA in China was 11,933 RMB/ton, an increase of 6.87% compared to June 1st's 11,166 RMB/ton, and a decrease of 1.92% from the highest point of 12,166 RMB/ton in the cycle.

The domestic EVA market has recently experienced a rise followed by a decline. Since June, petrochemical plants have dynamically adjusted their load, with the domestic EVA plant operating between 70% and 75%. The market supply is relatively loose. At the beginning of the month, the supply price of EVA has approached the petrochemical cost line, and a wave of replenishment operations on the demand side has boosted the EVA market. Overall, EVA replenishment has boosted the market situation. However, with the high price of EVA and downstream gradually watching, market inventory consumption is slow, and EVA prices have slightly declined.

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 and wires are gradually entering the off-season market, mainly supporting the demand for EVA. The consumption level of photovoltaic materials has limited changes, and the increase in stocking is not significant. Actual orders are delivered with caution.

In the future market forecast, overall, EVA prices have slightly fallen after rising recently, and the market for raw materials ethylene and vinyl acetate has not changed much, providing moderate support for the EVA market. EVA production has fluctuated slightly, and the overall supply side is loose. In the short term, the demand side has weak support for rigid demand. It is expected that the spot price of EVA will continue to maintain a narrow consolidation in the short term.

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