SunSirs: China EVA Market Continues to be Weak with a Slight Decline

https://www.chemnet.com   Jul 01,2024 SunSirs

Recently (6.25-6.30), the domestic EVA market has slightly declined. According to the Commodity Market Analysis System of SunSirs, as of June 30th, the benchmark price of EVA in China was 11,666 RMB/ton, a decrease of 1.41% from 11,833 RMB/ton on June 25th.

Recently (from June 25th to June 30th), the production of EVA equipment in China has remained around 79%. Market supply pressure continues. The overall market for raw materials ethylene and vinyl acetate remains stable with little movement, and there is still support for the cost of EVA. As of June 30th, the price of ethylene in the East China market is around 7,300 RMB/ton, while the price of vinyl acetate has slightly increased to around 5,800 RMB/ton due to the expected maintenance of some equipment.

From the demand side perspective, the EVA terminal industry has been operating weakly recently, with a focus on just in demand purchases. 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 overall demand for EVA is difficult to effectively boost, resulting in flat market transactions.

In the future market forecast, overall, the narrow consolidation of the raw material ethylene and vinyl acetate market still provides some support for the EVA market. The expected pressure on the EVA supply side continues to increase. 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.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

 Print  |    add to Favorites  |    Close