SunSirs: Supply and Demand are Weak, China EVA Market Continues to Operate weakly

https://www.chemnet.com   Jun 26,2024 SunSirs

Recently (from June 20th to June 25th), the domestic EVA market has continued to operate weakly, with overall prices slightly decreasing. According to the Commodity Market Analysis System of SunSirs, as of June 25th, the benchmark price of EVA in China was 11,833 RMB/ton, a decrease of 0.84% from 11,933 RMB/ton on June 20th.

Part of the pre maintenance equipment has been restarted, and the production of domestic EVA equipment has slightly increased to 79%. Market supply pressure has slightly increased. The overall market for raw materials ethylene and vinyl acetate is stable, and there is still support for the cost of EVA. As of June 25th, the price of ethylene in the East China market was around 7,300 RMB/ton, and the price of vinyl acetate was around 5,750 RMB/ton.

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 change in consumption level of photovoltaic materials is limited, and the improvement in stocking is not significant. The actual order delivery is cautious.

In the future market forecast, overall, the market for raw materials ethylene and vinyl acetate remains stable, and there is still some support for the EVA market. EVA production has slightly increased, coupled with expected pressure on the supply side of restart devices in the later stage. In the short term, the demand side has weak support for rigid demand. It is expected that the spot price of EVA will remain weak in the short term.

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