Price trend

Recently, the domestic EVA market has continued to be weak, with month end spot prices hovering horizontally. According to the Commodity Market Analysis System of Business Society, as of April 29th, the benchmark price of EVA in China is 11333.33 yuan/ton.

Cause analysis

The weakness of the domestic EVA market continues, and on the supply side, the load on domestic EVA enterprises is around 70%. At the end of the month, there was still news of a reduction in negative prices for petrochemical plants, leading to a decline in market supply and a decrease in some auction sources. The pricing of manufacturers remains stable, and overall, the support from EVA suppliers for spot goods is average.

From the demand side perspective, recent EVA terminal enterprises have seen significant stability and small fluctuations in production, and their stocking situation remains unchanged in terms of purchasing and consumption logic. There was no significant increase in stocking before the holiday. Enterprises such as foam shoe materials and cables and wires have maintained weak sales, with few new orders added. At the end of the month, the number of operations for merchants to complete the task of selling orders has increased. Overall, the demand side has poor support for EVA.

Future Market Forecast

Overall, EVA prices have continued to be weak in recent days, and the buying and selling parties are in a wait-and-see atmosphere at the end of the month. 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 overall demand side is not performing well. It is expected that EVA spot prices will remain stagnant during the May Day period.