SunSirs: China EVA Market is Rising

In September, the domestic EVA market changed its weakness and finally ushered in a rising market. According to the data monitoring of SunSirs, the average ex factory price of domestic EVA was 19,200 RMB/ ton on September 1 and 20,166.67 RMB/ ton on September 8, with a weekly increase of 5.03% and a decrease of 3.82% compared with the same period last year.

According to the data monitoring of business associations, the domestic EVA market entered the downward channel from the end of May, and the weakness continued until the end of August. Until the arrival of the peak sales season, the EVA market finally ushered in an upward trend. Last week, the domestic EVA market had obvious positive factors, and the trend was strong. The factory prices of petrochemical enterprises have been rising one after another, which has boosted the market. In addition, the supply of some bidding goods has increased, which is beneficial to the market mentality. The mentality of businessmen is good, and the price follows the high report. In terms of demand, the terminal of foamed materials has just been replenished, the demand for photovoltaic materials is stable, and the market trading atmosphere is mild, but the terminal demand has not been significantly increased.

At present, the market is more favorable. The rise of raw material market price has given a certain boost to the market. Petrochemical enterprises have a strong mentality. The high profit of ex factory quotations is a good market mentality. Businessmen have a good mentality. Prices follow the high reports. The market trading atmosphere is mild. However, there is no obvious improvement in demand as a whole, and terminal demand needs to be paid attention to in the later stage. It is expected that China domestic EVA market price will be strong in the short term, or mainly adjusted in a narrow range.

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