SunSirs: EVA Domestic Market will be Mainly Based on Sales Inventory
March 22 2023 10:22:23
On March 20, Sunsirs EVA benchmark price was 16,766.67 RMB/ton, an increase of 3.71% compared with the beginning of this month (16,166.67 RMB/ton).
On the whole, the performance of the EVA market in mid-March was generally stalemate, and the price was stable but not volatile. The raw material market has turned down, and the support for EVA spot has been reduced. The downstream demand differentiation is obvious, photovoltaic materials and foam materials are strong and the other is weak. Overall, the support for EVA demand side is stalemate. The inventory pressure of EVA polymerization plants is acceptable, and the inventory of traders is relatively high.
The de-warehousing operation in the market is combined with the divergence of mentality of the industry. At present, the market offers are chaotic, and the arbitrage order operation has increased. The market is intertwined with long and short, and it is expected that the current domestic EVA market will mainly digest inventory, and the price may fluctuate within a narrow range in the short term.
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