SunSirs: China EVA Market Continues to Decline with Obvious Negative Effects
October 25 2022 15:52:11 SunSirs (Selena)
Last week, China domestic EVA market continued its weakness and continued to decline. According to the data monitoring of SunSirs, the average ex factory price of domestic EVA was 20,666.67 RMB/ ton on October 16 and 20,200.00 RMB/ ton on October 24, with a decline of 2.24% in the week and 23.58% compared with the same period last year.
Last week, the domestic EVA market continued to weaken. The bad news was obvious in the week. Petrochemical enterprises lowered the ex factory price twice, and the supply of goods in the auction fell sharply, bringing significant pressure on the market. In addition, the market demand is general. There is no obvious change in the demand for photovoltaic materials, and the demand for foaming materials is poor. The downstream multi-dimensional companies need to purchase rigid materials, and the market trading atmosphere is light. Businessmen are pessimistic, and prices are mainly lowered.
In general, the market has no good support, the factory price of petrochemical enterprises continues to lead the decline, the terminal demand is limited, the enthusiasm of downstream market entry is not high, and the market trading and investment atmosphere is difficult to improve. It is expected that China domestic EVA market price will continue to decline in the short term.
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