SunSirs: No Improvement in Demand, China EVA Market was stable after Falling in June

After the domestic EVA market fell in June, it was sideways and spot prices remained stable at a low level. According to data monitoring from SunSirs, as of June 30th, the average ex factory price of EVA in China was 12,833.33 RMB/ton, an increase of -3.51% compared to the beginning of the month.

The domestic EVA market has been operating weakly and steadily this month. On the supply side, the EVA industry has experienced a high start rate followed by a low start rate, with the overall load position dropping from over 90% to around 60%, and the current construction is about 64%. The market supply is still abundant, and factory inventory pressure is still ongoing. The manufacturer's factory price continues to increase, and the profitability of the EVA polymerization plant remains stable. There is also inventory pressure on the social side, and traders tend to give up profits and take orders. On the buyer's side, due to the news of the new production device of Gulei, the stocking operation was cautious and the follow-up within the month was poor. Terminal enterprises in both photovoltaic and foaming materials have lagged behind in their follow-up, resulting in low actual prices and continued weak trading on the market. Enterprises have resistance to high priced sources of goods. The current demand side continues to have a bearish impact on the EVA price market.

Overall, the supply side pressure on the EVA market has slightly improved this month, while downstream demand is generally weak. Overall, the enterprise dominates the price adjustment, with factory prices fluctuating horizontally, and merchants are flexible in taking orders. The demand for foaming is particularly poor, and the overall market is empty. It is expected that the domestic EVA market may continue to be weak in the short term.

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