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SunSirs: The Supply Was Tight, and the EVA Market Was Rising Obviously
April 12 2022 10:13:06SunSirs(John)

Price trend

This week, the domestic EVA market showed a phased upward trend, and the overall upward trend was obvious. According to the data monitoring of SunSirs, the average domestic EVA ex-factory price was 20,933.33 RMB/ton on April 1, and the average price on April 8 was 21,566.67 RMB/ton, with an increase of 3.03% during the week, and an increase of 10.60% compared with the price on March 1.

Analysis review

In early April, the overall domestic EVA market rose significantly. At present, the market is dominated by favorable factors, and the price of EVA is relatively firm. At the beginning of the month, the ex-factory quotations of petrochemical enterprises increased significantly, which brought certain support from the cost side. The demand for photovoltaic materials is good, and the spot supply in the market is tight. In addition, the supply of goods for auction is limited, the upstream inventory is mostly under control, and the mentality is relatively strong, and the prices of merchants follow a small increase. But overall, the downstream demand is weak, and the market trading atmosphere is weak.

Market outlook

Although the current international crude oil price fluctuates, the price is relatively high, and the raw materials have brought certain support to the market. The market demand for photovoltaic materials is good, and the supply of EVA in the spot market is still tight. Although the downstream demand is average, the upstream inventory is not under pressure and the mentality is strong. It is expected that the price of the EVA market may still increase in the short term.

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