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SunSirs: China EVA Market continues to Decline due to Limited Trading Atmosphere

August 30 2022 10:22:11     SunSirs (Selena)

Near the end of August, the overall weakness of the domestic EVA market is difficult to change, and the price is still down. According to the data monitoring of SunSirs, the average ex factory price of domestic EVA was 19,733.33 RMB/ ton on August 21 and 18,866.67 RMB/ ton on August 29, with a decrease of 4.39% in the week and 2.92% compared with the same period last year.

Last week, the domestic EVA market was weak and the trend was difficult to change, and the price continued to drop. During the week, the ex factory quotation of petrochemical enterprises was still reduced, with a range of 1,200-1,400 RMB/ ton. At present, the market demand is not significantly improved, and the downstream is mostly replenished according to demand, which just needs to be followed up. In terms of cost, the price of international crude oil fluctuated and rose during the week, bringing limited support to the market. The market trading atmosphere is general, and the attitude of the merchants is not optimistic. The transaction is dominated by single negotiation.

At present, the support brought by the cost is limited, the ex factory quotation of petrochemical enterprises is still reduced, the consumption of goods in the market is slow, the improvement of terminal demand is not obvious, and the downstream mainly maintains replenishment according to demand. The market trading atmosphere is general, but near the end of the month, the possibility of price adjustment of petrochemical enterprises is unlikely. It is expected that China domestic EVA market will mainly be subject to horizontal adjustment in the short term.

 

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