Price trend

In the week after the holiday, the domestic EVA market remained stable and relatively strong, with spot prices steadily rising. According to the Commodity Market Analysis System of Shengyishe, as of February 26th, the benchmark price of EVA in China was 11866.67 yuan/ton, with a price increase or decrease of+1.42% compared to the beginning of the month.

Cause analysis

The domestic EVA market has been stable and rising recently, with high demand from domestic EVA enterprises on the supply side. Last week, the average operating rate was around 93%. However, the inventory of petrochemical plants is low, and the market supply is relatively tight. The willingness of petrochemical plants to support the market is clear, and EVA suppliers have a strong support for spot goods.

From the demand side perspective, the current EVA terminal enterprises have not fully resumed work, the stocking situation has not been fully released, and the logic of just in need consumption remains unchanged. Merchants are affected by the manufacturer’s price increase, actively reporting high prices and showing reluctance to sell. The demand side generally supports EVA, but there is a warming trend in the future.

Future Market Forecast

Overall, the price of EVA has shifted from a sideways trend to an upward trend after the holiday. The support of raw material market for EVA spot is moderate. The industry load is high, and the inventory of petrochemical plants is low, maintaining a strong market. At the end of the month, there was no pressure to attempt a higher report in the midstream, while downstream consumer demand was flat, but there were expectations for a higher volume in early March. Therefore, it is expected that the EVA market will continue to be strong in the short term.