SunSirs: China EVA Market was Weak and slightly Declining in June
July 01 2025 16:14:49 SunSirs (Selena)
The supply pressure continues, and the domestic EVA market weakened slightly in June. According to the Commodity Market Analysis System of SunSirs, as of June 30th, the benchmark price of EVA in China was 11,150 RMB/ton, a decrease of 0.45% from the 11,200 RMB/ton at the beginning of the month.
In June, the pressure on EVA supply continued, and domestic EVA petrochemical plants were mostly producing steadily. As of the end of June, the production rate was around 7.7%.
The price of raw material ethylene has risen significantly, while the price of vinyl acetate has weakened and declined, providing some cost support for EVA. As of June 30th, the domestic price of ethylene in Sinopec East China was 7,200 RMB/ton, an increase of 6.67% from 6,750 at the end of May; The price of vinyl acetate in the East China market is 5,350 RMB/ton, a decrease of 3.60% from 5,550 RMB/ton at the end of May.
From the perspective of demand side, the new orders from downstream factories are not good, the main demand for photovoltaics is weak, and the demand for foaming is only followed up during the off-season; The overall downstream demand is slow to follow up, and the excess digestion of raw material inventory has led to a weak decline in EVA prices.
Overall, the raw material prices and EVA costs have some support, and there is still pressure on the supply of EVA. The overall downstream demand is weak, and it is expected that the EVA spot market will be mainly weakly consolidated in the later period.
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