SunSirs: The EVA Market Has Seen a Slight Increase Recently

Recently (9.17-9.23), the domestic EVA market has seen a slight increase. According to the Commodity Market Analysis System of SunSirs, as of September 23, the benchmark price of EVA in China was 11,266 RMB/ton, an increase of 0.60% from 11,200 RMB/ton on September 17. On the one hand, downstream demand for EVA continues to support, with high raw material prices running, supporting EVA prices to remain high; 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 (9.17-9.23), EVA production has slightly decreased to around 85%, indicating that supply pressure in the EVA market still exists. During the cycle, the price of raw material ethylene decreased while the price of vinyl acetate increased, and the cost continued to be supported by EVA. As of September 23, the domestic price of ethylene in Sinopec East China was 7,050 RMB/ton, a decrease of 1.42% from 7,150 RMB/ton on September 1; As of September 23, the price of vinyl acetate in the East China market was 5,450 RMB/ton, an increase of 0.93% from 5,400 RMB/ton on September 1.

Recently, the demand for photovoltaic EVA has continued to be strongly supported, coupled with the foam end maintaining a strong demand follow-up. The demand for EVA has been well supported in the near future, but as the long holiday approaches and holders are in a safe state of mind, their willingness to ship has increased, and merchant offers have slightly adjusted, slowing down the market's upward trend.

Overall, high raw material prices for EVA will be supported by costs, and there is still supply pressure for EVA production at high levels. Downstream photovoltaic and foam industries will have strong demand support, and it is expected that the EVA spot market will consolidate at a high level in the short term.

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