SunSirs: China EVA Market Fell first and then Stabilized at the beginning of the month
August 08 2022 09:54:04 SunSirs (Selena)
At the beginning of August, China domestic EVA market continued to be weak, and the price fell first and then stabilized. According to the data monitoring of SunSirs, the average ex factory price of domestic EVA was 20,800.00 yuan / ton on July 31, and 20,466.67 yuan / ton on August 5, with a decrease of 1.60% in the week and an increase of 15.99% over the same period last year.
At the beginning of August, the domestic EVA market continued to be depressed, and the trend in the first week fell first and then stabilized. At the beginning of this month, the ex factory prices of petrochemical enterprises continued to fall, which was a bad market mentality. The market supply is relatively sufficient, but the demand continues to be sluggish. The enthusiasm for downstream market entry is limited, and the market trading atmosphere is light. Although the inventory of traders is not high, they are not in a good mood, and some of them follow the decline. The market lacks favorable support.
In terms of current costs, both the vinyl acetate and ethylene markets are weak, which brings certain negative effects. The ex factory quotations of petrochemical enterprises continue to decline. In addition, the market demand is poor, the downstream market entry is limited, and the consumption of goods is slow, which affects the market mentality. In order to stimulate shipments, traders' quotations follow the decline, and it is expected that China domestic EVA market will remain weak in the short term.
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