Favorable Factors Were Hard to Find, and the EVA Market Fell Sharply in July
July 29 2022 10:00:07 SunSirs (John)Price trend
In July, the domestic EVA market price continued to be weak as a whole, and the market fell significantly. 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 28 was 20,800.00 RMB/ton, a drop of 11.11% within the month and an increase of 15.99% compared with the same period last year.
Analysis review
In July, the domestic EVA market was hard to find, and the price fell in a wide range. Most of the ex-factory quotations of petrochemical enterprises were lowered, leading the decline. During the month, in terms of cost, the international crude oil price fluctuated and fell, and the vinyl acetate and ethylene markets were both weak, which brought a certain negative to the market. In terms of demand, the terminal demand was weak, the downstream manufacturers were cautious, the willingness to purchase was still low, the market trading atmosphere was limited, the merchants' attitude was not good, and the quotations mostly followed the downward trend.
Market outlook
At present, the negative effects of cost are obvious. The ex-factory quotations of petrochemical enterprises have been falling one after another. In addition, the consumption of supply in the market is slow, and the atmosphere of downstream entry into the market is limited. Most of the industry players are pessimistic, and the quotations of merchants follow the downward trend and the market is hard to find. It is expected that the domestic EVA market price in August will still have room for downside.
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