Price trend

This week, the domestic EVA market remained stagnant, with many spot prices showing a sideways trend. According to the Commodity Market Analysis System of Shengyishe, as of May 11th, the benchmark price of EVA in China was 11333.33 yuan/ton, which is the same as May 6th.

Cause analysis

The domestic EVA market has remained stable this week, with an average supply side load of over 80% for domestic EVA enterprises. Due to the increase in petrochemical plant load reduction next week, the market supply is expected to tighten. However, due to the continued negative market conditions in the early stage, manufacturers mainly priced horizontally, and overall, EVA suppliers have average support for spot goods.

From the demand side perspective, EVA terminal enterprises have started production steadily and slightly this week, and the stocking situation has remained unchanged in terms of purchasing and consumption logic. The traditional downstream demand for foam shoe materials and cables and wires has not improved, and there are few new orders. The consumption level of photovoltaic materials has limited changes, and there is not a significant increase in post holiday stocking. The negative atmosphere in the market remains, and actual trading is cautious. Merchants have flexible order processing and weak mentality. Overall, the demand side has poor support for EVA.

Future Market Forecast

Overall, EVA prices have remained stagnant this week. The market for raw materials ethylene and vinyl acetate has not changed much, and the support for the EVA market is relatively weak. The industry load is expected to fall, and the ex factory prices of petrochemical plants are generally flat. The overall development of the demand side is poor, dragging market momentum. It is expected that the spot price of EVA will continue to operate weakly and steadily in the short term.