Price trend

In the first ten days of March, the domestic EVA market was stable and positive, and the spot price generally rose. As of March 13, the average ex-factory price of EVA in China was 16766.67 yuan/ton, an increase of 3.71% from the beginning of the month, according to the monitoring data of Business News Agency.

Cause analysis

Raw materials:

In the near future, the market of ethylene at the raw material end has been stable after rising, and the good news such as the shutdown and maintenance of South Korean devices in the early stage has been gradually exhausted, and the increase of market supply and inventory is expected. However, the price of petroleum naphtha at the cost side has strengthened, and ethylene has been supported to some extent, and the overall market is strong. The domestic downstream plants of vinyl acetate are generally in operation, and the on-site consumption tends to be just in demand. The load of calcium carbide method device on the supply side is low, and the quantity of goods in the field is acceptable. The strong cost and the lagging demand coexist, and the spot price is stable and small. The market of raw materials is relatively stable, and the support for EVA market is general.

Supply:

In the past two weeks, domestic EVA manufacturers have been operating steadily in terms of load. The current industry operating rate is 79.5%, up 1.3% from the beginning of the month. At the same time, domestic production was stable, with a total output of 36200 tons last week, almost unchanged from the previous week. The factory inventory pressure is low, and the supplier has some support for the spot goods. The ex-factory price of the manufacturer is in line with the price, and the price of the auction source is rising steadily. Spot prices of mainstream brands generally rose by more than 500 yuan/ton.

Demand:

In the near future, the domestic market atmosphere of EVA is optimistic, and the momentum of the downstream market of the industrial chain and the mentality of the industry have increased simultaneously. At present, the downstream photovoltaic materials, the main force of EVA, are smoothly shipped, and the consumption continues to support the price market. On the other hand, the demand for foaming materials is differentiated from that of photovoltaic materials. The improvement of the delivery of foaming materials such as shoe materials is limited, and the follow-up is relatively slow, and the transaction continues to be flat. EVA demand-side support mainly comes from photovoltaic materials.

Aftermarket forecast

In general, the recent EVA market performance is positive and the price is rising steadily. The raw material market is generally stable, and the support for EVA spot is stable. The starting point of downstream demand support is concentrated on photovoltaic materials, and replenishment is mainly to follow up the rigid demand. EVA polymerization plant inventory continued to be stable, and the ex-factory price was firm. The merchants’ mentality is supported by the suppliers and the offer keeps rising. It is expected that the domestic market of EVA will mainly digest the increase, and the price may run smoothly in the short term.