Price trend

At the beginning of June, the domestic EVA market was sideways, and the price did not fluctuate significantly. According to the data monitoring of SunSirs, the average domestic EVA ex-factory price was 24,000.00 RMB/ton on June 1, and the average price on June 8 was 24,000.00 RMB/ton. During the period, the price remained stable, up 22.03% compared with the same period last year.

Analysis review

At the beginning of the month, the domestic EVA market entered a stage of consolidation after falling, and the ex-factory prices of petrochemical enterprises have not been adjusted significantly, and most of the prices have remained stable. At present, the international crude oil price is at a relatively high level, and the ethylene and vinyl acetate markets are relatively strong, which brings benefits in terms of cost.

In addition, the market demand for photovoltaic materials has not changed significantly for the time being, which has brought some support to the market, but the negative restraint is still obvious, the downstream demand is weak, and the ability to accept high prices is limited, the enthusiasm for entering the market is not good, the market trading atmosphere is sluggish, and the price is unable to continue to rise.

Market outlook

On the whole, the current international crude oil price is high, and the cost side brings certain positive support, petrochemical enterprises have no pressure on the inventory, and the ex-factory price is relatively strong. However, the current EVA price is relatively high, the downstream acceptability is limited, and the overall trading atmosphere is general. It is expected that the EVA market may continue to consolidate in the short term.

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