SunSirs: Demand Was Average, EVA Market Price Fell
October 18 2022 10:57:22 SunSirs (John)
Price trend
After the National Day holiday, the domestic EVA market price first stabilized and then fell, with a weak trend. According to the data monitoring of SunSirs, the average ex factory price of domestic EVA was 20,666.67 RMB/ton on October 7 and 20,366.67 RMB/ton on October 17, with a decline of 1.45%, and 26.03% lower than the same period last year.
Analysis review
After returning from the National Day holiday, the domestic EVA market was mainly weak. The ex factory price of petrochemical enterprises was firm at first and then lowered. On October 17, the ex factory price fell in a centralized way, with an average adjustment range.
Although the peak season "Silver October" is coming, the current EVA market demand is limited. The demand for photovoltaic materials has not increased significantly, while the demand for foaming materials remains rigid, the downstream mentality is general, and the market trading atmosphere is limited. In terms of demand, the EVA market has not changed significantly.
Market outlook
To sum up, the current insufficient demand is the main reason to restrain the rise of the EVA market. In October, the downstream demand performance was average, and the mentality was cautious. Most of them maintained making up just on demand. The upstream mentality was under pressure, the price was weak, and the market lacked good support. It is expected that the domestic EVA market price will remain weak in the short term.
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