SunSirs: Limited Benefits, EVA Market still Fell in China in Early August
August 23 2022 09:52:54 SunSirs (Selena)
Last week, the domestic EVA market was weak, and the price still fell. According to the data monitoring of SunSirs, the average ex factory price of domestic EVA was 20,133.33 RMB/ ton on August 14, and 19,733.33 RMB/ ton on August 19, with a decrease of 1.99% in the week and an increase of 6.86% over the same period last year.
Last week, the domestic EVA market had limited benefits, the market still fell, and the price fell first and then stabilized. At the beginning of this week, the ex factory prices of petrochemical enterprises continued to drop, which suppressed the market mentality and kept the prices weak. In the later stage, the prices of some bidding sources were low, the downstream replenishment was low, the market entry was more positive, the market trading atmosphere was improved, the merchants' mentality was better, and the petrochemical factory price was stable.
At present, the market benefits are still limited. The reduction of the ex factory quotation of petrochemical enterprises depresses the market mentality. The demand for downstream foaming materials is limited, and the consumption of goods is slow. However, the market attitude is optimistic, and the enthusiasm for entering the market is better than that in the early stage. Some spot goods are tight. It is expected that the domestic EVA market price in China will be mainly consolidated in the short term.
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