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In June, the domestic EVA market exhibited a trend of weak consolidation; price fluctuations were limited, and overall trading activity remained cautious. According to SunSirs data, as of June 23, the benchmark price for EVA stood at 9,833 RMB/ton, down 2.32% from the 1,0066 RMB/ton recorded at the beginning of the month. Early in the month, the market continued the weak trend seen in May, with prices edging down; mid-month saw a slight rise supported by plant maintenance; however, prices dipped again late in the month due to falling crude oil prices. Overall, the industry remained in a phase of weak consolidation.
Domestic EVA plant operations fluctuated throughout June. Yanshan Petrochemical, Yangzi Petrochemical, and Quanzhou Petrochemical underwent major overhauls and remained shut down to the entire month; Sierbang switched its tubular line to LDPE production; Hongjing New Materials was expected to undergo maintenance at the end of the month; and Yulong Petrochemical switched back to EVA production in mid-to-late June. While initial operating rates were low (around 73%) and spot supplies tight, capacity was subsequently released, raising operating rates to 78%–80%. Coupled with accumulated inventories from earlier periods, the circulation of foaming-grade EVA spot goods slowed. Overall supply was relatively ample, making it difficult to drive a significant price increase.
June marked the traditional off-season to downstream consumption. Terminal orders in general sectors—such as foaming and cable manufacturing—were sluggish. Downstream companies mostly purchased based on immediate needs and showed little willingness to stock up, resulting in quiet market trading. The only positive factor came from the photovoltaic (PV) sector; steady demand to PV installations provided firm support to PV-grade EVA, though this was insufficient to trigger a recovery in the broader market.
International crude oil prices fluctuated at low levels, shifting the cost basis to EVA raw materials downward and weakening cost support to the sector. Market sentiment was clearly divided: some traders moved goods at low prices to recoup funds, while speculative buying at low levels emerged to a limited extent, exacerbating market evaporative environment.
Looking ahead, the EVA market is expected to continue its pattern of evaporative consolidation in the short term. On the supply side, the interplay between new capacity additions and plant maintenance continues, and the loose supply-demand stability is unlikely to change. On the demand side, the off-season effect persists, limiting possible demand development. In the short term, EVA prices are not expected to see significant fluctuations; prices to foaming-grade material will likely remain within a specific range, while photovoltaic-grade EVA is expected to show relative price resilience, supported by solid underlying demand.
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