Recently (12.1-12.22), the domestic EVA market has been operating weakly. According to the Commodity Market Analysis System of Shengyi Society, as of December 22, the benchmark price of EVA in China was 10033 yuan/ton, a decrease of 1.95% from 10233 yuan/ton at the beginning of the month. The demand for downstream photovoltaics and foam production is relatively weak; The market expectation for the production of new EVA devices in China is bearish; The price of raw material vinyl acetate has significantly increased, which has to some extent slowed down the downward trend of the EVA market. The lack of favorable market supply and demand has supported the weak consolidation of the EVA market.
Recently (12.1-12.22), EVA production has started at around 8.5%, and the supply pressure in the EVA market still exists. During the cycle, the price of raw material ethylene slightly decreased, while the price of vinyl acetate significantly increased, and the cost faced EVA support strengthened. As of December 22, the domestic price of ethylene in Sinopec East China was 6150 yuan/ton, a decrease of 0.81% from 6200 yuan/ton at the beginning of the month; As of December 22, the market price of vinyl acetate in East China was 5800 yuan/ton, an increase of 5.45% from 5500 yuan/ton at the beginning of the month.
Recently (12.1-12.22), there has been a lack of significant positive support for the demand in the EVA market, with weak overall new orders in downstream photovoltaic and foam industries, and low price sources being the main source of inquiries and transactions; In addition, the recent Lianhong integration project has made key progress: the 1.3 million tons/year methanol to olefin (MTO) plant and the 200000 tons/year ethylene vinyl acetate copolymer (EVA) plant have been successfully put into operation with a single feeding. The introduction of new production capacity creates negative expectations for the market. The EVA market is running weakly.
In the future forecast, overall EVA cost support is strong, but downstream demand in the photovoltaic and foam industries is weak. In addition, with new EVA devices put into operation, the overall fundamentals of EVA are weak. It is expected that the weak consolidation of EVA spot market will be the main trend in the later period.
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