SunSirs: Poor Market Momentum Leads to a Decline in China EVA Prices

Recently, the domestic EVA market has gradually declined, and spot prices have been gradually lowered. According to the Commodity Market Analysis System of SunSirs, as of April 15th, the benchmark price of EVA in China was 11,633.33 RMB/ton, with a price level increase or decrease of -2.51% compared to the beginning of the month.

The domestic EVA market operated weakly last week, and the supply side load of domestic EVA enterprises was reduced to around 81%. Due to recent maintenance of some petrochemical plants, the market supply has decreased narrowly. Manufacturers mainly maintain stable pricing, but some auction prices have fallen, shaking market confidence. EVA suppliers have loosened their support for spot goods.

From the demand side perspective, last week's EVA terminal enterprises started production steadily with little movement, and their stocking situation tended to lag behind. The logic of purchasing and consumption for just in need remained unchanged. Among them, there are still relatively few new orders for traditional downstream areas such as foam shoe materials and cables and wires. Photovoltaic enterprises are taking over goods and maintaining production step by step. Merchants are affected by a market downturn mentality, resulting in an increase in actual orders, discounts, and sales. Overall, the demand side has poor support for EVA.

Overall, EVA prices have continued to be weak this week. The changes in the market for raw materials ethylene and vinyl acetate are limited, and the support for the EVA market is mediocre. The industry load has slightly declined, and the ex factory prices of petrochemical plants remain strong in the market. The poor consumption of traditional shoe materials and cables on the demand side has dragged down the overall trading heat. It is expected that the spot price of EVA will remain weak in the short term.

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