Recently (9.17-9.23), the domestic EVA market has seen a slight increase. According to the Commodity Market Analysis System of Shengyi Society, as of September 23, the benchmark price of EVA in China was 11266 yuan/ton, an increase of 0.60% from 11200 yuan/ton on September 17. On the one hand, downstream demand for EVA continues to support, with high raw material prices running, supporting EVA prices to remain high; On the other hand, the overall production of EVA equipment in China remains high, and the overall growth of the EVA market is limited.
Recently (9.17-9.23), EVA production has slightly decreased to around 8.5%, indicating that supply pressure in the EVA market still exists. During the cycle, the price of raw material ethylene decreased while the price of vinyl acetate increased, and the cost continued to be supported by EVA. As of September 23, the domestic price of ethylene in Sinopec East China was 7050 yuan/ton, a decrease of 1.42% from 7150 yuan/ton on September 1; As of September 23, the price of vinyl acetate in the East China market was 5450 yuan/ton, an increase of 0.93% from 5400 yuan/ton on September 1.
Recently, the demand for photovoltaic EVA has continued to be strongly supported, coupled with the foam end maintaining a strong demand follow-up. The demand for EVA has been well supported in the near future, but as the long holiday approaches and holders are in a safe state of mind, their willingness to ship has increased, and merchant offers have slightly adjusted, slowing down the market’s upward trend.
Market forecast: Overall, high raw material prices for EVA will be supported by costs, and there is still supply pressure for EVA production at high levels. Downstream photovoltaic and foam industries will have strong demand support, and it is expected that the EVA spot market will consolidate at a high level in the short term.
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