Recently, the domestic EVA market has remained stable with minor fluctuations, and spot prices have been steadily decreasing. According to the Commodity Market Analysis System of SunSirs, as of March 18th, the benchmark price of EVA in China was 12,033.33 RMB/ton, with a price increase or decrease of 1.40% compared to the beginning of the month.

The domestic EVA market has been operating in a stalemate recently, with domestic EVA enterprises experiencing significant and stable loads on the supply side, with an average operating rate of around 78% last week. However, the inventory pressure of petrochemical plants is still not high, and the willingness to support the market is clear. EVA suppliers can provide sufficient support for spot goods.

From the demand side perspective, current EVA terminal enterprises are generally operating, and their stocking situation tends to lag behind. The logic of purchasing for just needs remains unchanged. Especially in terms of foam shoe materials, there are relatively few new orders, and merchants are actively selling horizontally due to the influence of manufacturers raising prices. However, there are also some hidden sales operations. The demand side has average support for EVA.

Overall, the price of EVA remained stagnant in mid March. The raw materials ethylene and vinyl acetate are both consolidating, providing moderate support for the EVA market. The industry load is maintained, and the inventory position of petrochemical plants is still healthy, maintaining a strong market. The poor development of traditional consumption in the demand side has dragged down the overall trading heat. It is expected that the spot price of EVA in the future may loosen.

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