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SunSirs: Tight Market Supply, China EVA Market stopped Falling and Rebounded
January 17 2022 14:34:44SunSirs(Selena)

In January, the domestic EVA market got out of weakness and stopped falling and rebounded. According to the data monitoring of business agency, the average ex-factory price of domestic EVA was 20,500.00 RMB/ ton on January 3 and 17,166.67 RMB/ ton on January 14, with a decline of 4.63% in half a month and 16.26% compared with December 1, 2021.

In 2022, the EVA market finally got out of its weakness and ushered in a rising market. At present, there are obvious positive factors in the market. The ex factory price of petrochemical enterprises is stable and upward, and the price is firm, which brings some support to the market. The supply of goods for auction is limited, and the price rise has also brought a certain boost to the market. The prices of merchants are mainly increased. Although the inventory of downstream factories is limited, it is still dominated by just needed replenishment, and the overall trading atmosphere of the market is still limited.

On the whole, the tight supply in the spot market is the main factor supporting the rising market. Near the Spring Festival, the downstream mentality is still cautious, the enthusiasm for entering the market is limited, the overall trading atmosphere of the market is still poor, in addition, the benefits brought by the cost are limited, and it is expected that the space for the continuous rise of China EVA market in the short term is limited.

 

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