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SunSirs: EVA Market Prices Were Firm and Continued to Hold Steady
June 24 2022 10:26:05SunSirs(John)

Price trend

This week, the domestic EVA market price was relatively firm, and there is no obvious fluctuation. According to the data monitoring of SunSirs, the average domestic EVA ex-factory price was 24,000.00 RMB/ton on June 19, and the average price on June 23 was 24,000.00 RMB/ton. The price was stable during the week, and up 23.92% compared with the same period last year.

Analysis review

Entering mid-June, the domestic EVA market continued to digest and sort out. The ex-factory price of EVA in petrochemical enterprises was relatively firm, and there was no significant price adjustment for the time being. Moreover, the market demand of photovoltaic materials remained unchanged, giving the market some support. However, there were still negative factors in the market. The international crude oil prices fell during the week, and the support brought by the cost to the market was limited. There was no significant change in terminal demand, EVA prices were at a relatively high level, the downstream maintained on-demand replenishment, and the market trading atmosphere was limited.

Market outlook

On the whole, in terms of cost, the drop in international crude oil prices has brought limited support to the market, and the terminal demand has not improved significantly. The overall trading atmosphere of the market is still sluggish, the mentality of merchants is general, and some shipments are not smooth. However, the firm ex-factory prices of petrochemical enterprises have brought some support to the market. It is expected that the EVA market may continue to consolidate in the short term.

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