Price trend

Recently, the domestic EVA market has continued to decline, and spot prices have adjusted weakly this week. According to data monitoring from Business Society, as of May 19th, the average ex factory price of EVA in China was 13633.33 yuan/ton, an increase of -9.51% compared to the beginning of the month.

Cause analysis

The domestic EVA market continued to weaken this week. On the supply side, the EVA industry’s operating rate this week has taken on the pattern of high load last month, with an overall weekly operating rate of over 90%. The market supply is abundant, and there is pressure on factory inventory, leading to a reduction in factory prices. Social inventory is also under pressure, and traders tend to give up profits and take orders. The profitability of EVA polymerization plants has significantly declined due to its impact. The buyer is affected by the news of the new production device and is cautious in stocking operations. The auction transaction situation improved slightly during the week, but overall demand continued to be weak, and terminal enterprises lagged behind in following up. Among them, low prices for shoe materials and other aspects of consumption were frequent, and there was little trading on the market. Enterprises have resistance to high priced sources of goods. The current demand side continues to have a bearish impact on the EVA price market.

Overall, the supply side pressure on the EVA market has not decreased this week, and downstream demand is generally weak. Overall, the factory price of enterprises has been lowered, and businesses have followed suit. Petrochemical plants have given up profits and taken orders. The foam demand is poor, and the overall market is relatively empty. It is expected that the domestic EVA market will continue to be weak in the short term.