Due to the decrease in costs and increased supply and demand pressure, the domestic EVA market has remained weak in the recent period (5.15-5.20). According to the Commodity Market Analysis System of SunSirs, as of May 20th, the benchmark price of EVA in China was 11,300 RMB/ton, a decrease of 0.59% from the price level of 11,366 RMB/ton on May 15th.

Recently (5.15-5.20), EVA production has significantly decreased, with overall production dropping to around 6.3%, indicating a decrease in current market supply and demand pressure. In the first half of May, the prices of raw materials ethylene and vinyl acetate were narrowly adjusted, and the cost faced weakened support from EVA. As of May 15th, the domestic price of ethylene in Sinopec East China was 6,950 RMB/ton, a decrease of 0.71% from the 15th; The price of vinyl acetate in the East China market was 5,650 RMB/ton, a decrease of 0.88% from the 15th.

From the demand side perspective, the downstream photovoltaic market is sluggish, and the foam demand only needs to follow up during the off-season; After the adjustment of tariffs between China and the United States, peripheral products have risen, which has boosted the mentality of the EVA market. However, the market fundamentals are weak, and EVA prices continue to decline slightly.

Overall, raw material prices have slightly decreased, EVA production has decreased, but new facilities will be put into operation later. The overall downstream demand is weak, and it is expected that the EVA spot market will continue to consolidate weakly in the short term.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.