Due to the downward trend in costs and continued supply pressure, the domestic EVA market has recently experienced a slight decline from June 1st to November 11th. According to the Commodity Market Analysis System of SunSirs, as of June 11th, the benchmark price of EVA in China was 11,150 RMB/ton, a decrease of 0.45% from the price level of 11,200 RMB/ton on June 1st.

Recently (6.1-6.11), EVA production has remained stable at around 8.5%, and the current market supply pressure continues. The prices of raw materials ethylene and vinyl acetate have weakened, and the cost support from EVA has weakened. As of June 11th, the domestic price of ethylene in Sinopec East China was 6,600 RMB/ton, a decrease of 2.22% from 6,750 RMB/ton at the beginning of the month; The price of vinyl acetate in the East China market is 5,475 RMB/ton, a decrease of 1.35% from 5,550 RMB/ton at the beginning of the month.

On the demand side, downstream photovoltaic demand is slow to follow up and transactions are light, while the foam industry only needs to follow up urgently; The market atmosphere is mainly bearish, with weak supply and demand fundamentals and a stalemate. EVA prices continue to decline slightly.

Overall, raw material prices will decline, and there will be some pressure on the supply side to maintain high EVA production. The overall downstream demand is weak, and it is expected that the EVA spot market will consolidate weakly in the short term.

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