Recently (4.22-4.28), the domestic EVA market has slightly declined. According to the Commodity Market Analysis System of SunSirs, as of April 28th, the benchmark price of EVA in China was 11,516 RMB/ton, a decrease of 0.29% from 11,550 RMB/ton on the 22nd. The price of EVA raw material vinyl acetate is weak and falling, and the cost support is weakening; The downstream photovoltaic and foam industries are mainly on the sidelines, with few transactions in the market. The overall production of EVA is stable, and some suppliers' quotations have slightly decreased. The EVA market offers have fluctuated slightly.

Recently (4.22-4.28), the overall stability of EVA plant construction in China has been around 86%. The prices of raw materials ethylene and vinyl acetate are stable but weak, and the cost support for EVA is relatively weak. As of April 28th, the ethylene price in the East China market has remained stable at around 7,100 RMB/ton, indicating overall stability; As of April 28th, the price of vinyl acetate in the East China market was around 5,875 RMB/ton, a decrease of 2.49% from the previous price of 6,025 RMB/ton.

From the demand side perspective, EVA manufacturers are producing more early-stage photovoltaic orders, and the foam market is gradually entering a off-season. Coupled with the impact of international trade trends, overall market transactions are flat, spot digestion is slow, and the wait-and-see atmosphere is gradually increasing. High priced goods transactions are light.

Overall, raw material prices are stable but weakening, EVA production is stable, but downstream sentiment is hesitant to resist high priced sources. It is expected that the EVA spot market may continue to decline at a high level in the later period.

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