SunSirs: In Mid-May, the EVA Market Rose First and Then Stabilized
May 19 2022 14:20:22 SunSirs (John)
Price trend
In mid-May, the domestic EVA market first rose and then stabilized. According to the data monitoring of SunSirs, the average domestic EVA ex-factory price was 23,166.67 RMB/ton on May 1, and the average price on May 9 was 24,233.33 RMB/ton, with an increase of 4.60% during the period and an increase of 18.40% compared with the same period last year.
Analysis review
In mid-May, the domestic EVA market price first increased and then stabilized. The current price is relatively firm, and the ex-factory quotation of petrochemical enterprises has not changed significantly.
Driven by the rise in the price of photovoltaic materials last week, quotations in the spot market have increased significantly. However, because the rally was too strong, the downstream was limited in its ability to accept high prices, and the attitude was more cautious. Most of them made up for it just on demand. The market transaction atmosphere was not good, and the market's motivation to continue to rise was insufficient, and prices stabilized.
Market outlook
On the whole, the international crude oil fluctuated and rose, and the cost has brought some support to the market. However, the current price is at a relatively high level, the downstream has limited acceptance of high prices, the enthusiasm for entering the market is not good, and the overall trading atmosphere of the market is general, which brings certain restraints to the rising market. It is expected that the EVA market may weaken in the short term.
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