SunSirs: Supply Was Tight, EVA Market Prices Continued to Rise
February 23 2022 10:09:44 SunSirs (John)
Price trend
In mid-February, the domestic EVA market continued to rise. According to the data monitoring of SunSirs, the average domestic EVA ex-factory price was 17,833.33 RMB/ton on February 13, and the average price on February 22 was 18,633.33 RMB/ton. The weekly increase was 4.49%, which was 3.52% higher than that on January 1.
Analysis review
In mid-February, the domestic EVA market price continued to rise. The ex-factory prices of petrochemical enterprises increased in stages during the week, supporting the market mentality. At present, the overall supply of goods in the market is tight. In addition, the price of auction supply has risen, which has brought certain positive support to the market. The merchants' mentality is strong, and the price increases accordingly.
At present, the upstream ethylene market continues to rise, and the cost side brings certain support to the market. Near the end of the month, some petrochemical enterprises have begun to overhaul, and the market supply is expected to decrease. But the current market volume is relatively limited.
Market outlook
It is expected that the price of the EVA market may still increase in the short term.
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