Price trend

This week, the domestic EVA market price continued to be weak as a whole, and the market focus still moved down. According to the data monitoring of SunSirs, the average domestic EVA ex-factory price was 23,000.00 RMB/ton on July 5, and the average price on July 12 was 22,500.00 RMB/ton, a drop of 2.17% within the week and an increase of 24.31% compared with the same period last year.

Analysis review

The domestic EVA market trend had not improved this week, and the price was still dropping. The ex-factory quotation of EVA of petrochemical enterprises continued to decrease, and the international crude oil price fluctuated and fell during the week, and the support brought by the cost side was insufficient, which affected the market mentality. In addition, there was no obvious change in terminal demand, downstream manufacturers were cautious, and their willingness to purchase was still low. The market trading atmosphere was limited, the merchants' mentality was not good, and the quotations tended to weaken.

Market outlook

At present, the international crude oil fluctuated and fell, the overall trend was weak, and the support brought by the cost was insufficient. The ex-factory quotation of petrochemical enterprises is lowered, the consumption of market supply is slow, the downstream market entry atmosphere is limited, the industry is pessimistic, the quotations of merchants follow the decline, and the market lacks a positive boost. It is expected that the domestic EVA market price will continue to decline in the short term.

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