Last week, there was an increase in the domestic EVA market, while the increase in spot prices narrowed. According to data monitoring from SunSirs, as of July 21, the average ex factory price of EVA in China was 13,633.33 RMB/ton, an increase of+6.23% compared to the beginning of the month.

The domestic EVA market continued to rise last week. On the supply side, the EVA industry maintains a high start-up rate, with an overall load position of around 84%. The market supply is relatively abundant, and factory inventory pressure is still acceptable. The profitability of EVA polymerization plants has improved, and the factory prices have increased significantly. The pressure on social inventory has eased, and the confidence of traders has been restored due to the support of aggregation factories. On the demand side, the current demand side has a moderate impact on the EVA price market. In the early stage, the demand for photovoltaic materials has increased, and terminal enterprises have staged stocking, which clearly supports the market. The follow-up of foam materials to terminal enterprises is lagging behind, and the actual price is low, while consumption remains at the off-season level. At present, the phased stocking of photovoltaic materials is gradually completed, and the overall stocking operation on site is becoming cautious. Enterprises are gradually resisting high priced sources of goods, and their acceptance is limited after price increases.

Overall, the supply side pressure in the EVA market was average last week, while the downstream demand side was still driven by photovoltaic technology. Overall, companies are leading the way in raising prices, with factory prices rising and businesses following suit. The demand for foaming continues to be poor. It is expected that the domestic EVA market may rise and be hindered in the short term, entering a consolidation market.

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