The supply and demand side is weak, and the domestic EVA market in July is weak and declining. According to the Commodity Market Analysis System of SunSirs, as of July 30th, the benchmark price of EVA in China was 10,883 RMB/ton, a 2.39% decrease from the price level of 11,150 RMB/ton at the beginning of the month.

In July, the pressure on EVA supply continued, and domestic EVA petrochemical plants maintained stable production. The overall production of EVA industry in China remained around 80% in July.

The price of raw material ethylene has significantly decreased, while the price of vinyl acetate has significantly increased, providing some cost support for EVA. As of July 30th, the domestic price of ethylene in Sinopec East China was 6,800 RMB/ton, a decrease of 5.55% from 7,200 RMB at the end of June; The price of vinyl acetate in the East China market is 5,725 RMB/ton, an increase of 7.01% from 5,350 at the end of June.

On the demand side, the downstream main photovoltaic market in July was difficult to recover, and the foam industry maintained a strong demand for EVA during the off-season. Downstream factories are resistant to high priced goods, and the mentality of the foam market is slightly sluggish. With weak supply and demand, the overall EVA market is running weakly.

Overall, the raw material prices and EVA costs have some support, and there is still pressure on the supply of EVA. The overall downstream demand is weak, and it is expected that the EVA spot market will be mainly weakly consolidated in the later period.

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