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SunSirs: Market Transaction was in Deadlock, China EVA Market was Weak
June 02 2021 11:06:25SunSirs(Selena)

According to the data monitoring of SunSirs, the average price of domestic EVA market was 20,466.67 RMB/ ton on May 24 and 20,466.67 RMB/ ton on May 31. During the period, the price was flat, up 2.58% compared with March 30. Last week, EVA manufacturers continued to run steadily, the market price trend is still weak.

Last week, EVA petrochemical enterprises had little change, and most of them continued to be stable. The market offer continued to fall, but the range was narrower than that of the previous period, with a decrease of about 100-300 RMB/ ton within the week. At present, the price of hard material is 20,000-20,500 RMB/ ton, and that of soft material is 20,500-20,800 RMB/ ton. Due to the release of new production capacity in the market, the upstream petrochemical manufacturers mainly produce photovoltaic materials, the market supply is tight, and the ex factory price is relatively stable compared with the market price. At present, most of the downstream companies enter the market on demand, the demand follow-up is insufficient, the overall transaction atmosphere of the market is stalemate, the mentality of the merchants is weak, and the transaction is mostly maintained for negotiation.

Generally speaking, the market lacks obvious positive support, the overall price is weak, the downstream manufacturers have limited ability to accept high prices, they are cautious, the overall transaction atmosphere of the market is stalemate, and it is not easy to make a firm offer. It is expected that the price of EVA market will keep stable in the short term in China, and the overall trend may still be weak.

 

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