[EVA Daily Review] Downstream Foaming Resists High Prices, Transactions Moderate

1 Today's Summary

① This week, the ex-factory price of EVA petrochemical products continued to rise, and the auctioned goods prices increased significantly.

② This week, the EVA petrochemical unit operated stably, while Baofeng shut down for maintenance on the evening of the 8th.

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

Today, the domestic EVA market offers stable adjustments. As the weekend approaches, there is little change in market supply and demand, and mainstream agency spot supply remains tight.The quotations remain firm, but downstream foam factories are resistant to high-priced materials, primarily focusing on digesting previous raw material inventories. High-priced transactions are hindered, and there has been an increase in the sales of early market raw material inventories. 。 Mainstream prices: soft material reference 11,300-11,600 RMB/ton, hard material reference 10,800-11,400 RMB/ton.

Figure 1 Domestic EVA Price Trend Chart (Yuan/Ton)	Figure 2 Domestic EVA Price Trend Chart by Category (yuan/ton)
Data Source: Longzhong Information	Source of data: Longzhong Information

3 Production Dynamics

Domestic EVA petrochemical units: Sinochem Quanzhou produces FL00628, unit maintenance schedule undecided; Jiangsu Sirbon unit produces tubular photovoltaic material, kettle unit produces UE2806; Jiangsu Hongjing PV1 line produces photovoltaic material, PV2 line produces photovoltaic material, PV3 line produces 6020M; all three Yanshan EVA units are shut down; Ningxia Baofeng shut down for maintenance on the evening of the 8th; Yanchang Yulin produces V2825Y; Tianli Gaoxin produces photovoltaic material; Zhejiang Petrochemical produces photovoltaic material; Gulei Petrochemical produces USI-2806. Additionally, the South China market soft material price is 11,400-11,600 yuan/ton, and the domestic EVA industry gross profit level is around 2,600 yuan/ton.

Figure 3 Domestic EVA Capacity Utilization Rate Trend Chart	Figure 4 Comparison of Domestic EVA Profit and Price (Yuan/Ton)
Data source: Longzhong Information	Data source: Longzhong Information

4 Price Prediction

Next week, the market is expected to be driven by strong supply and demand dynamics, primarily led by robust downstream photovoltaic orders. EVA manufacturers are likely to make strong price adjustments, although the rate of increase is expected to slow. The foam market will continue to follow passively, and high-price transactions in the market may also slow down. With strong supply and demand dominance, the market is expected to rise easily but be difficult to fall, with prices likely to remain stable at a high level.

5 - Related Product Information

1 Ethylene 9 Month 11 Day CFR Northeast Asia 840 The USD/ton remains stable. CFR Southeast Asia 840 USD/ton stable 。 Sinopec Chemical Sales East China Branch's ethylene price remains stable at 7,150 yuan/ton, and Jinxian Lianmao's ethylene price is also at 7,150 yuan/ton.

2 Vinyl acetate: East China Acetic AcidEthylene MarketMainstream negotiations for high and low-end are 5300-5400 RMB/ton. The petrochemical price in the East China region is 5300-5400 RMB/ton, with actual orders released as needed, and the focus of negotiations leaning towards the high end.

6 Data Calendar

Table 2 Overview of Domestic EVA Data (Unit: 10,000 tons)