Price trend
This week, the domestic EVA market continued to be weak, with spot prices falling narrowly. According to the Commodity Market Analysis System of Shengyishe, as of April 25th, the benchmark price of EVA in China was 11333.33 yuan/ton, with a price level increase or decrease of -2.58% compared to April 19th.
Cause analysis
The domestic EVA market continued to be weak this week, and the supply side of domestic EVA enterprises continued to reduce their load by about 5% to 70%. Due to the increase in petrochemical plant load reduction, market supply has gradually declined, and some auction sources have decreased. However, due to the negative market atmosphere in the early stage, manufacturers have still lowered their prices, and overall, EVA suppliers have not provided strong 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. Among them, there are very few new orders for traditional downstream areas such as foam shoe materials and cables and wires. Affected by the negative market atmosphere, the actual orders were cautious, and there was no significant increase in volume in pre holiday stocking. As the end of the month approaches, there is an increase in the number of merchants offering discounts and taking orders. Overall, the demand side has poor support for EVA.
Future Market Forecast
Overall, EVA prices have continued to be weak this week. The changes in the market for raw materials ethylene and vinyl acetate are limited, and the support for the EVA market is mediocre. The industry load continues to fall, and the ex factory prices of petrochemical plants are still being adjusted. The overall development of the demand side is poor, dragging market momentum. It is expected that the spot price of EVA will remain weak in the short term.
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