SunSirs: China EVA Market is Weak, Quotation Fell
June 08 2021 11:16:33 SunSirs (Selena)
According to the data monitoring of SunSirs, the average price of domestic EVA market was 20,466.67 RMB/ ton on May 30 and 19,666.67 RMB/ ton on June 4, with a decrease of 3.91% in the week and 1.17% compared with March 30. Last week, EVA manufacturers and market quotations were reduced to varying degrees.
Last week, some EVA petrochemical enterprises lowered their ex factory prices, the market offer followed the decline, and the overall market trend was weak. At present, the price of hard material is 20,000-20,300 RMB/ ton, and that of soft material is 20,400-20,600 RMB/ ton. The overall weak trend of EVA market is mainly influenced by the demand. At present, it is in the off-season demand for foaming materials, and the release of new production capacity in the market has brought a certain impact. Petrochemical enterprises are generally stable, but some are still down. Multi dimensional downstream procurement has strong demand and general enthusiasm to enter the market, so it is difficult to improve the overall turnover of the market. Business mentality pessimistic, prices follow the decline.
Generally speaking, the market lacks obvious positive support at present. Affected by the traditional sales off-season, the terminal demand is weak, the enthusiasm of downstream market entry is limited, the transaction atmosphere is difficult to improve, and the shipping pressure of merchants is large. It is expected that the EVA market price will not improve or continue to be weak in the short term in China.
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- 2024-04-01 SunSirs: Supply and Demand Game, China EVA Market is Stagnant
- 2024-03-29 SunSirs: Supply and Demand are Weak, China EVA Market is Consolidating in March
