SunSirs: Low Construction Levels, China EVA Market is mainly Weak and Stable

https://www.chemnet.com   Aug 06,2024 SunSirs

Recently (7.29-8.5), the domestic EVA market has been mainly weak and stable. According to the Commodity Market Analysis System of SunSirs, as of August 5th, the benchmark price of EVA in China is currently stable at 10,083 RMB/ton.

Recently (7.29-8.5), the production of EVA equipment in China has remained at a low level of around 63%. The market supply pressure has eased to some extent. The raw material ethylene market is strong, while the price of vinyl acetate is low, and the cost of EVA is weakly supported. As of August 5th, the price of ethylene in the East China market remained around 7.650 RMB/ton, while the price of vinyl acetate decreased by around 5.600 RMB/ton.

From the perspective of demand side, the EVA terminal industry has been operating weakly recently. The production of domestic petrochemical EVA units has dropped to around 6.3%, while the overall demand side is still weak. Traditional downstream industries such as foam shoe materials and cables and wires are gradually entering the off-season market, which provides weak support for EVA. The consumption of photovoltaic materials is average, and the overall demand for EVA is difficult to effectively boost, resulting in sluggish market transactions.

Overall, the price of raw material ethylene will slightly increase, but the price of vinyl acetate will decrease, providing weak support for the EVA market. EVA production has maintained a low level, easing the pressure on the supply side and providing weak support for short-term demand on the demand side. Overall, it is expected that EVA spot prices will remain low and narrow in the short term.

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

 Print  |    add to Favorites  |    Close