Recently (11.1-11.13), the domestic EVA market has been weak and declining. According to the Commodity Market Analysis System of SunSirs, as of November 13th, the benchmark price of EVA in China was 10,500 RMB/ton, a decrease of 3.37% from 10,866 RMB/ton at the beginning of the month. Downstream photovoltaic and foam demand is weakening; Domestic EVA plant production has slightly decreased, but supply pressure remains; In addition, the weak downward trend in the price of raw material vinyl acetate has led to an overall weakening of the EVA market.

Recently (11.1-11.13), EVA production has slightly decreased from 9.30% at the beginning of the month to around 8.40%, indicating that supply pressure in the EVA market still exists. During the cycle, the prices of raw materials ethylene and vinyl acetate slightly decreased, and the cost faced weakened support from EVA. As of November 12th, the domestic price of ethylene in Sinopec East China was 6,200 RMB/ton, a decrease of 1.59% from 6,300 RMB/ton at the beginning of the month; As of November 12th, the market price of vinyl acetate in East China was 5,750 RMB/ton, a decrease of 1.71% from 5,850 RMB/ton at the beginning of the month.

Recently (11.1-11.13), there has been a lack of significant positive support for the demand in the EVA market, with slow follow-up of downstream photovoltaic and foam terminal orders, slow digestion of spot goods, and a decrease in ex factory prices for EVA manufacturers, resulting in a weak downward trend in the EVA market.

Overall, the cost support for EVA will weaken, and the demand for downstream photovoltaic and foam industries will weaken. In addition, there are plans for new equipment to be put into production in the later stage of EVA, and the overall fundamentals of EVA are weak. It is expected that the weak consolidation of EVA spot market will be the main trend in the later stage.

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