Recently, the domestic EVA market has generally remained stable, with spot prices fluctuating and consolidating. According to the Commodity Market Analysis System of SunSirs, as of March 29th, the benchmark price of EVA in China was 11,933.33 RMB/ton, with a price increase or decrease of +0.56% compared to the beginning of the month.

The domestic EVA market has been operating in a stalemate this week, with the supply side's domestic EVA enterprise load rebounding to over 92% at the end of the month. However, due to the low inventory of petrochemical plants in the early stage, the current accumulation pressure is not high, and there are some production and maintenance plans at the end of the month. At present, suppliers still have a willingness to support the market, and EVA suppliers still have support for spot goods.

From the demand side perspective, last week, EVA terminal enterprises started production sideways, and their stocking situation tended to lag behind. The logic of purchasing and consumption for just needs remained unchanged. Among them, there are still relatively few new orders for traditional downstream areas such as foamed shoe materials and cables and wires, with overall demand for goods being the main focus. Merchants are affected by the manufacturer's price increase and are selling at a higher price. However, towards the end of the month, some brands have secretly lowered their prices to complete the task of selling goods. Overall, the demand side has poor support for EVA.

Overall, EVA prices stopped falling and stabilized last week. The changes in the market for raw materials ethylene and vinyl acetate are limited, and the support for the EVA market is mediocre. The high industry load continues, and the inventory position of petrochemical plants is not yet high. In addition, there is an expectation of supply tightening in the future, and factory prices remain strong in the market. The poor consumption of traditional shoe materials and cables on the demand side has dragged down the overall trading heat. It is expected that in the short term, the spot price of EVA will continue to be dominated by consolidation and operation.

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