SunSirs: China EVA Market is Poised
January 10 2023 14:06:45 SunSirs (Selena)
At the beginning of January, the trend of domestic EVA market was sorted and operated, and the prices of various brands of products were mixed. According to the data monitoring of SunSirs, the average ex-factory price of domestic EVA was 13,133.33 RMB/ton on January 6, with a rise and fall of -3.67% compared with the price level at the beginning of the month.
At the beginning of this month, the domestic EVA market undertook the negative market in the early stage, and the average price was dragged down. On the supply side, the overall industry load last week was below 80%, which was reduced from the end of last month, and the supply was relatively abundant. The ex-factory price of petrochemical enterprises remained firm, the soft materials for auction increased, and the supply side accepted the price increase of some brands moderately. The profit of production enterprises increased in a narrow range; In terms of demand, the stock situation of photovoltaic materials has improved to some extent. At the same time, the demand for hard materials has begun to increase due to the double stimulation of price reduction and stock preparation before the festival. On-site trading has warmed up, and there is a certain atmosphere of speculation among businesses.
In general, the EVA market was abundant in early January, and some downstream demand improved, which supported the spot price. In general, downstream enterprises are still cautious. It is expected that in the short term, China domestic EVA market may be affected by the stock tide before the holiday and stop the decline and rise.
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