Due to rising costs and weak demand, the domestic EVA market has been consolidating weakly recently (7.1-7.9). According to the Commodity Market Analysis System of SunSirs, as of July 9th, the benchmark price of EVA in China was 11,116 RMB/ton, a decrease of 0.30% from 11,150 RMB/ton on the first day.

Recently (7.1-7.9), EVA production has slightly decreased to around 8.0%, and the current market supply pressure still exists. Boosted by crude oil, the prices of raw materials ethylene and vinyl acetate have risen, and the cost is supported by EVA. As of July 9th, the domestic price of ethylene in Sinopec East China was 7,300 RMB/ton, an increase of 1.39% from 7,200 RMB/ton on June 30th; The price of vinyl acetate in the East China market is 5,675 RMB/ton, an increase of 6.07% from 5,350 on June 30th.

From the demand side perspective, the short-term downstream main photovoltaic market is difficult to recover, and the foam industry maintains a strong demand for EVA during the off-season. Although a small number of enterprises have undergone equipment maintenance, market demand is weak and inventory reduction is slow, resulting in weak consolidation of EVA prices.

Overall, raw material prices are supported by the boost of crude oil, and EVA production has slightly decreased but remains at a high level. Supply pressure still exists, and downstream demand is generally weak. It is expected that the EVA spot market will continue to consolidate weakly in the later period.

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