SunSirs: Supply Pressure Rises, China EVA Market Turns Down

In early September, the domestic EVA market remained stagnant and spot prices were generally flat. According to data monitoring from SunSirs, as of September 18th, the average ex factory price of EVA in China was 13,733.33 RMB/ton, an increase of -1.90% compared to the beginning of the month.

The domestic EVA market has recently seen a decline in prices. On the supply side, the operating rate of the EVA industry has declined slightly compared to the previous period, but the current load position is still above 82%. The market supply is almost flat compared to the previous period, and there has been an increase in factory inventory pressure. The profitability of EVA polymerization plants has generally declined narrowly, with manufacturers' factory prices declining slightly. The pressure on social inventory has increased, and the confidence of traders has been affected, leading to a decline in prices. On the demand side, the demand for photovoltaic materials and cables has entered the traditional peak season. However, due to the need for time to digest early stocking, the enthusiasm for stocking has loosened recently, but it still supports the market. The lagging follow-up of foam material towards terminal enterprises, low actual prices, and sluggish consumption during peak seasons have dragged down the overall demand side of EVA. The overall stocking operation on the market places orders according to demand, and companies have poor acceptance of high priced goods, resulting in weaker prices being pulled by markets in different directions.

Overall, the supply of EVA in the market has remained stable recently, but downstream demand for photovoltaic consumption has become loose. The demand for foaming materials continues to be weak, and supply pressure has risen due to its drag. Overall, the company's offer has started to decline, and merchants have a poor mentality, leading to a decline in the offer. It is expected that the domestic EVA market may continue to be weak in the short term.

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