Price trend

This week, the domestic EVA market remained stable, with spot prices hovering at high levels. According to data monitoring from Business Society, as of August 18th, the average factory price of EVA in China was 14000 yuan/ton, an increase of 2.69% compared to the beginning of the month.

Cause analysis

The domestic EVA market remained stable and weak this week. On the supply side, the operating rate of the EVA industry remains at last week’s level, with an overall load position of around 75%. The market supply is relatively low, and factory inventory pressure is not significant. The profitability of EVA polymerization plants fluctuates broadly within a narrow range, while factory prices remain stable. The social inventory pressure is average, and the confidence of traders is supported by aggregation factories and tends to be stable. On the demand side, the current demand side has loosened its support for the EVA price market compared to the previous period. The demand for photovoltaic materials is still acceptable, and the phased stocking of terminal enterprises has not yet ended, which clearly supports the market. The follow-up of foam materials towards terminal enterprises lags behind, resulting in low actual prices and consumption maintaining at off-season levels, dragging down the overall demand side of EVA. The overall stocking operation on the market is weaker than last week, and companies have had a poor acceptance of high priced goods this week, with prices mainly operating horizontally.

Overall, the supply of EVA in the market remained stable this week, with downstream demand still being driven by the main force of photovoltaic technology. Overall, companies mainly offer stable prices, with merchants following the market, and some offers showing signs of looseness. The continuous poor demand for foaming has dragged down the overall market. It is expected that in the short term, the domestic EVA market may experience fluctuations due to weakened demand.