SunSirs: General Demand, China EVA Market Price Falls
October 20 2022 11:42:38 SunSirs (Selena)
After the National Day holiday, China 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%, 26.03% lower than the same period last year.
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 it ushers in the peak season, the current EVA market demand is limited. The demand for photovoltaic materials has not increased significantly, while the demand for foamed materials remains rigid, the downstream mentality is general, and the market trading atmosphere is limited. In terms of demand, China EVA market has not changed significantly.
To sum up, the current insufficient demand is the main reason to restrain the rise of the EVA market. In October, the downstream demand was ordinary, cautious, multi-dimensional firm needs to be supplemented, the upstream mentality was under pressure, the price was weak, and the market lacked positive support. It is expected that China domestic EVA market price will continue to remain weak in the short term.
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