SunSirs: China EVA Market Fluctuates Within a Range of First Falling and Then Rising Recently

Recently (8.1-8.20), the domestic EVA market has experienced a decline followed by an increase, with a range of fluctuations. According to the Commodity Market Analysis System of SunSirs, as of August 20th, the benchmark price of EVA in China was 10,900 RMB/ton, up 0.15% from the beginning of the month and 0.62% from the low point of the cycle. On the one hand, the fundamental performance of EVA is still not optimistic, and on the other hand, with the approaching peak season and the shortage of some brands in the market, the supply price of EVA has slightly increased, driving the market to explore a rising atmosphere.

Recently (8.1-8.20), EVA production has increased to over 9.0%, and supply pressure still exists, but there is a shortage of supply for some grades. During the cycle, the price of raw material ethylene slightly increased and the price of vinyl acetate decreased, providing cost support for EVA. As of August 20th, the domestic price of ethylene in Sinopec East China was 6,900 RMB/ton, an increase of 1.47% from 6800 RMB/ton at the beginning of the month; The price of vinyl acetate in the East China market is 5,325 RMB/ton, a decrease of 5.33% from 5625 at the beginning of the month.

On the demand side, the short-term downstream photovoltaic demand is well supported, and downstream foam terminals tend to purchase on demand. As prices rise, foam factories are slightly resistant to high priced sources of goods.

Overall, raw material prices have fluctuated, and there is still high supply pressure for EVA production. The downstream photovoltaic and foam industries are mainly supported by demand. With the arrival of the traditional peak season, it is expected that the EVA spot market will tentatively rise in the later period.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.