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SunSirs: Demand has not Improved, China EVA Market Price Continues to be Weak
November 21 2022 09:43:55SunSirs(Selena)

The weak trend of domestic EVA market continued in the middle of November, and the price fell. According to the data monitoring of SunSirs, the average ex factory price of domestic EVA was 18,733.33 RMB/ ton on November 1 and 17,566.67 RMB/ ton on November 15, with a range of increase and decrease of -6.23% and -18.92% compared with the same period last year.

In the middle of November, the domestic EVA market undertook the early weak market. On the supply side, the frequent maintenance load of petrochemical enterprises dropped sharply this week, and the industry's operating rate was about 50%. However, as the total domestic inventory position is still at a high level, the supply is abundant, and the competition is strengthened, the factory price continues to decline; In terms of demand, there is no obvious change in the demand for photovoltaic materials. The demand for foaming materials is poor. The downstream multi-dimensional companies need to purchase rigid materials. The market trading atmosphere is light. In the early stage, the supply of goods for auction fell sharply, which brought obvious pressure to the market, and affected the current merchants' pessimism. At present, the traders on the market have a negative attitude. The offer follows the market. There is a large space for real order negotiation, and the operation is mainly to give up profits and take orders.

To sum up, the improvement of current market demand is very limited, the downstream is cautious, the just needed replenishment is lagging behind, and the market trading atmosphere is cold. However, the industry load was lower, and the expected contraction of market supply offset some negative pressure. The decline of EVA spot price narrowed last week, and it is expected that China domestic EVA market will continue to be weak in the short term.

 

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