SunSirs: Downstream Demand is Strong and Weak, Resulting in a Stalemate in China EVA Market

In early September, the domestic EVA market remained stagnant and spot prices were generally flat. According to data monitoring from SunSirs, as of September 8th, the average factory price of EVA in China was 14,000 RMB/ton, an increase of 0% compared to the beginning of the month.

The domestic EVA market prices stabilized at the beginning of this month. On the supply side, the operating rate of the EVA industry has increased compared to last month, and the current load position is around 88%. The market supply has increased compared to the previous period, and the pressure on factory inventory has increased. The profitability of EVA polymerization plants has generally increased in a narrow range, with manufacturers' factory prices mainly showing a strong market trend. The pressure on social inventory is average, and the confidence of traders is relatively stable supported by the high prices of polymerization factories. The demand side maintains a differentiated pattern in the face of EVA price market support. The demand for photovoltaic materials has entered the traditional peak season, and terminal enterprises have a good enthusiasm for stocking, which clearly supports the market. The price of photovoltaic film materials has increased. The follow-up of end companies in the direction of foaming materials lags behind, with low actual prices and consumption maintaining at off-season levels, dragging down the overall demand side of EVA. The overall stocking operation on the site is based on demand, with enterprises generally accepting high priced goods and prices being pulled by markets from different directions, resulting in a stalemate in operation.

Overall, the supply of EVA in the early September market increased, and the downstream demand side was still driven by the main force of photovoltaic. The continuous weak demand for foaming materials has dragged down the overall market. Overall, companies mainly offer stable prices, while merchants follow the market. It is expected that the domestic EVA market may continue to remain stagnant in the short term.

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