SunSirs: Market Game, China EVA Market is Stagnant
January 15 2024 14:26:52 SunSirs (Selena)
The domestic EVA market is in a stalemate, and spot prices are in a dilemma of rising and falling. According to the Commodity Market Analysis System of SunSirs, as of January 12th, the benchmark price of EVA in China was 11,433.33 RMB/ton, which is the same as the beginning of the month.
The price of EVA in the domestic market has remained stable and fluctuated slightly this week. On the supply side, the load level of domestic EVA enterprises has significantly decreased, and the operating rate has been lowered to around 78%, leading to a tightening of market supply. The petrochemical plant is operating at a high price, and merchants are attempting to quote higher prices. The EVA supplier's support for spot goods is still acceptable.
Last week, the demand side of EVA performed average. The low-end offer and transaction situation on the market is good, and the overall stock preparation and follow-up of downstream enterprises are still good. The buying logic of the buyer camp remains unchanged, and there is resistance to high priced sources. The price is pulled by markets from different directions and operates in a stalemate.
Overall, last week's EVA price fell to the market equilibrium point and the market remained stagnant. The raw material market provides moderate support for EVA spot prices. The industry load has been reduced, and downstream demand is still acceptable. The confidence of business owners is supported by the high prices of petrochemical plants. However, as the end of the year approaches, the expectation for increased consumption in the future is relatively low, and it is expected that the EVA market may remain stagnant and consolidating in the short term.
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- 2024-04-18 SunSirs: Poor Market Momentum Leads to a Decline in China EVA Prices
- 2024-04-01 SunSirs: Supply and Demand Game, China EVA Market is Stagnant
- 2024-03-29 SunSirs: Supply and Demand are Weak, China EVA Market is Consolidating in March
