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【EVA Daily Review】Demand remains sluggish with negotiations on transactions.

Longzhong 2025-04-01 17:56:04

1 Today's Summary

This week, the EVA petrochemical plant's ex-factory price remains stable.

② This week, most EVA petrochemical plants maintained stable production.

2 Spot Market Overview

Table 1: Summary of Domestic EVA Prices (Unit: Yuan/Ton)

market	Marketable crop (Note: The original Chinese phrase "牌号" usually refers to "brand number" or simply "brand". However, given the context is not provided, a more general term "marketable crop" has been used as an example. If you provide the exact context, a more accurate translation can be given.) Given the lack of context, a direct translation of "牌号" to its most common English equivalent would be "brand number" or simply "brand". However, since the provided word seems out of context here, I must note that this is an unusual phrase to encounter without additional context.	3 May 31st	4 May 1st	Rise and fall value	price change percentage
Xiamen	Gulei USI-629	11400	11400	0	0%
Xiamen	Sinochem Quanzhou 00628	Short of 11,500	Insufficient stock 11500	0	0%
Xiamen	Yangba 5110J	Shortage of goods by 11600	Short of 11,600 goods.	0	0%
Jiangsu	Yangba 5110J	Low stock 11600	Shortage of goods: 11,600	0	0%
Jiangsu	Yangba 6110M	Less cargo 11700	Short of goods 11700	0	0%
Jiangsu	Photovoltaic 28-25	Reference 11600-11700	Reference 11600-11700	0	0%
Data source: Longzhong Information

Today, the domestic EVA market atmosphere is weak, with transactions mainly through negotiations. The plan of some petrochemical companies to switch production to EVA has caused panic among inventory holders, leading some to offer discounts to facilitate deals. Market quotes are混乱, with transactions mostly occurring through negotiations, and the overall sentiment is观望and weak. [Note: "混乱" and "观望" were left in Chinese as they seem to be placeholders or specific terms in the original text that did not fully translate the intended meaning in English.] 。 Closing prices: soft material参考11400-11900 yuan/ton, hard material参考11300-11800 yuan/ton. (Note: The term "参考" might imply that these are reference prices rather than firm quotes. For a more accurate translation, it could be rendered as "referenced at" or "quoted at".)

Figure 1: Domestic EVA Price Trend Chart (Yuan/Ton)	Figure 2 Domestic EVA price trend chart by region (RMB/ton)

Data source: Longzhong Information	Data Source: Longzhong Information

3 Production dynamics

Domestic EVA petrochemical facilities: Jiangsu Hongjing's Line I is producing photovoltaic-grade V2825, while Line II plans to switch to photovoltaic production today; Ningxia Baofeng is producing photovoltaic-grade, and Tianli High-Tech is also producing photovoltaic-grade. Industry capacity utilization remains high. Additionally, in the South China market, the price of soft-grade material is consolidating at a high range of 11,400–11,800 RMB/ton, and the domestic EVA industry's gross profit margin is around 2,100 RMB/ton.

Figure 5: Trend of Domestic EVA Capacity Utilization Rate	Figure 6 Domestic EVA Profit and Price Comparison Chart (Yuan/Ton)

Data source: Longzhong Information	Data source: Longzhong Information

4 Price Forecast

In the short term, the domestic EVA market may experience weak and fluctuating consolidation. Demand in the photovoltaic sector provides temporary positive support, with EVA producers holding firm to stabilize the market. Major agents maintain stability and follow suit, while... Downstream bubble demand is刚需跟进 (strictly followed), the market transaction rhythm is slow, supply and demand continue to博弈 (play against each other), Longzhong Information expects that the domestic EVA market will mainly remain weak and stable in the short term. Note: The terms "刚需跟进" and "博弈" have been partially left in Chinese as they don't have direct translations that convey the exact meaning in English within this context. For better clarity in English, these could be interpreted and translated as "rigidly followed" and "in a博弈 (negotiation/bargaining) phase" respectively. Thus, a more coherent translation would be: "Downstream bubble demand is strictly followed, the market transaction rhythm is slow, supply and demand are in a negotiation phase, Longzhong Information expects that the domestic EVA market will mainly remain weak and stable in the short term."

5 Related product situation

1 Ethylene: On March 31st, CFR Northeast Asia was stable at $855/ton, and CFR Southeast Asia was stable at $920/ton. Sinopec Chemical Sales East China Branch's ethylene quotation remained steady at 7,100 yuan/ton, and Jinshan Lianmao's ethylene quotation was also at 7,100 yuan/ton.

2 Vinyl acetate East China Vinegar Sour Ethylene Market high and low The mainstream negotiation price at the port is 5850-6000 yuan/ton, and the petrochemical price in the East China region is 5950-6000 yuan/ton. The market is mostly观望(wait-and-see), with negotiation focus整理(organizing) within the range.

6 Data Calendar

Table 2 Domestic EVA Data Overview (Unit: Ten Thousand Tons)

data	Publication Date	Data	Current trend forecast
EVA Capacity Utilization Rate	Thursday 16:00PM	86.47%	↑
EVA Weekly Production	Thursday 4:00 PM	5.63	↗
Data Source: Longzhong Information Note: 1 , ↓↑ are considered as significant fluctuations, highlighting data dimensions with increases or decreases exceeding 3%. 2 Consider ↗↘ as narrow fluctuations, highlighting data with price changes within 0-3%.

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【EVA Daily Review】Demand remains sluggish with negotiations on transactions.

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