SunSirs: China EVA Market Trend in October was Weak
October 28 2022 13:51:16 SunSirs (Selena)
In October, the domestic EVA market trend was weak, and the price fell, showing a trend of first stabilizing and then falling. According to the data monitoring of SunSirs, the average ex factory price of domestic EVA was 20,666.67 RMB/ ton on October 1, and 19,833.33 RMB/ ton on October 27. The monthly drop was 4.03%, 18.04% lower than the same period last year.
In October, the domestic EVA market was mainly weak, showing a trend of first stabilizing and then falling. There was a lack of positive support in the month. The ex factory price of petrochemical enterprises was relatively firm in the first half of the month, and decreased continuously in the second half of the month. After returning from the National Day holiday, the EVA market was dominated by horizontal consolidation, and there was no significant fluctuation for the time being. However, in the second half of the month, petrochemical enterprises continuously lowered the ex factory price, coupled with a sharp drop in the supply of goods for auction, which brought significant pressure on the market. In terms of demand, there is no obvious change in the demand for photovoltaic materials. The demand for foaming materials is poor. The downstream multi-dimensional companies need to purchase rigid materials. The market trading atmosphere is light. Businessmen are pessimistic and prices follow the trend of weakening.
In a word, the current market is not obviously favorable. The ex factory price of petrochemical enterprises is stable for the time being, but the follow-up of terminal demand is insufficient. The downstream is cautious and the market trading atmosphere is flat. It is expected that China domestic EVA market price in November will still have a downward trend.
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