Recently (7.9-7.22), the domestic EVA market has been weak and declining. According to the Commodity Market Analysis System of SunSirs, as of July 22, the benchmark price of EVA in China was 10,883 RMB/ton, a decrease of 2.10% from 11,116 RMB/ton on July 9.

Recently (7.9-7.22), EVA production has remained stable at around 8.0%, and the current market supply pressure still exists. During the cycle, the price of raw material ethylene has decreased and the price of vinyl acetate has increased, providing cost support for EVA. As of July 22, the domestic price of ethylene in Sinopec East China was 6,800 RMB/ton, a decrease of 6.85% from 7,300 on July 9; The price of vinyl acetate in the East China market is 5,950 RMB/ton, an increase of 4.85% compared to 5,675 on July 9th.

On the demand side, in the short term, the main downstream photovoltaic equipment will be put into operation, which will provide strong support for the demand for EVA. The foam industry will mainly maintain the demand for EVA during the off-season. The overall destocking of the market is slow, and EVA prices are consolidating weakly.

Overall, raw material prices have some support on the cost side, and EVA production remains stable at a high level, mainly due to supply pressure. The overall downstream demand is weak, and 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.