SunSirs: Bubble Demand has not Improved, China EVA Market is Stagnant

Last week, the domestic EVA market remained stable, with spot prices hovering at high levels. According to data monitoring from SunSirs, as of August 25th, the average factory price of EVA in China was 14,000 RMB/ton, an increase of 2.69% compared to the beginning of the month.

The domestic EVA market has stabilized slightly last week. On the supply side, the operating rate of the EVA industry has decreased compared to last week, and the overall load position is around 68%. The market supply is relatively low, and factory inventory pressure is still acceptable. The profitability of EVA polymerization plants fluctuates broadly within a narrow range, while factory prices remain stable. The social inventory pressure is average, and the confidence of traders is supported by aggregation factories and tends to be stable. On the demand side, there has been no improvement in the current support for EVA price on the demand side compared to the previous period. The maintenance of demand for photovoltaic materials and the phased stocking of terminal enterprises are the main support for the demand side. The follow-up of foam materials towards terminal enterprises lags behind, resulting in low actual prices and consumption maintaining at off-season levels, dragging down the overall demand side of EVA. The overall stock preparation operation on the site is clearly differentiated, and last week, enterprises have a moderate acceptance of high priced goods, with prices mainly operating horizontally.

Overall, the supply of EVA in the market has decreased significantly last week, and the downstream demand side is still driven by the main force of photovoltaics. Overall, companies mainly offer stable prices, with merchants following the market, while some photovoltaic offers have increased. The continuous poor demand for foaming has dragged down the overall market. It is expected that in the short term, the domestic EVA market may continue to fluctuate in a narrow range due to the continuation of the game market.

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