Price trend

In early July, the overall domestic EVA market price continued to be weak, and the price continued to fall. According to the data monitoring of SunSirs, the average domestic EVA ex-factory price was 23,400.00 RMB/ton on July 1, and the average price on July 6 was 23,000.00 RMB/ton. During the period, the price fell by 1.71%, and was up 27.07% compared with the same period last year.

Analysis review

In July, the domestic EVA market as a whole was still weak, and the ex-factory quotations of petrochemical enterprises were lowered individually. Although the international crude oil price had obviously pushed up at the beginning of the month, the cost side brought some support. However, the negative factors in the market were obvious, the terminal demand hadnot changed for the time being, the downstream manufacturers maintained just need to follow up, the purchasing intention was low, the market trading atmosphere was sluggish, the merchants were slow to ship, and most of them gave profits to stimulate the shipment, and the price weakened.

Market outlook

In terms of cost, international crude oil prices fell sharply on the 5th, bearish market sentiment, terminal demand was still insufficient, market supply consumption was slow, downstream entry into the market was not enthusiastic, and the overall trading atmosphere was light. It is expected that the price of the domestic EVA market may still weaken in the short term.

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