The supply and demand are running weakly, and the domestic EVA market has been consolidating weakly recently (6.11-6.18). According to the Commodity Market Analysis System of SunSirs, as of June 18th, the benchmark price of EVA in China was 11,150 RMB/ton, which is overall stable and consolidating.

Recently (6.11-6.18), EVA production has slightly decreased to around 7.9%, and the current market supply pressure still exists. The price of raw material ethylene has slightly increased, while the price of vinyl acetate has weakened and decreased. The cost of EVA continues to be slightly supported. As of June 18th, the domestic price of ethylene in Sinopec East China was 6,800 RMB/ton, an increase of 3.03% from 6,600 RMB/ton on June 11th; The price of vinyl acetate in the East China market was 5,350 RMB/ton, a decrease of 2.28% from 5,475 on the 11th.

On the demand side, the short-term main downstream photovoltaic market is difficult to shake up, and the inventory of photovoltaic materials from petrochemical manufacturers is under pressure. The foam industry maintains a strong demand for EVA during the off-season. Overall, the supply and demand of EVA continue to be under pressure in the short term, and EVA prices are consolidating weakly.

Overall, raw material prices are supported by the boost from crude oil, while EVA production remains at a high level and there is some pressure on the supply side. 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.