SunSirs: China EVA Market Has Continued to Show an Upward Trend Recently

Recently (9.1-9.17), the domestic EVA market has continued its upward trend. According to the Commodity Market Analysis System of SunSirs, as of September 17th, the benchmark price of EVA in China was 11,200 RMB/ton, an increase of 1.20% from 11,066 RMB/ton on September 1st. On the one hand, downstream demand for EVA is well supported, and raw material prices are strengthening, driving up EVA prices; On the other hand, the overall production of EVA equipment in China remains high, and the overall growth of the EVA market is limited.

Recently (9.1-9.17), EVA production has continued to rise to around 90%, and some early maintenance equipment has restarted operation, increasing the pressure on EVA market supply. During the cycle, the price of raw material ethylene remained stable, while the price of vinyl acetate rose, and the cost faced EVA support strengthened. As of September 17th, the domestic price of ethylene in Sinopec East China remained stable at 7,150 RMB/ton, compared to 7,050 RMB/ton on September 1st; As of September 17th, the market price of vinyl acetate in East China was 5,400 RMB/ton, an increase of 3.85% compared to 5,200 RMB/ton on September 1st.

Recently, there has been strong support for the demand for photovoltaic EVA, coupled with the foam end maintaining a strong demand follow-up, resulting in good support for EVA demand in the near future. But downstream still has resistance to high priced goods. The trading side holds goods cautiously and operates with the market, and the market continues to rise steadily.

Overall, the rise in raw material prices has provided cost support for EVA, and there is still supply pressure from high EVA production levels. The downstream photovoltaic and foam industries have strong demand support, and it is expected that the EVA spot market will continue to rise slightly in the later period.

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