1today's summary

①、This week, the factory price of EVA petrochemical plants remains stable.

②, This week, the EVA petrochemical plant operated stably.

2spot overview

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

Today, the domestic EVA market inquiry is relatively weak, with mainstream agents mostly maintaining high and stable quotations. However, downstream foam demand follows the rigid needs, and profit-taking shipments are mainly sold first. Actual transactions revolve around negotiations, with overall transactions being weak and in a wait-and-see mode. By the close of trading: soft material reference prices are 11,400 to 11,900 yuan/ton, and hard material reference prices are 11,300 to 11,800 yuan/ton.

3production dynamics

Domestic EVA petrochemical plants: Jiangsu Hongjing Line I produces photovoltaic V2825, Line II produces V6020M; Ningxia Baofeng produces photovoltaic, Tianli High-tech produces photovoltaic, Zhejiang Petrochemical temporarily shut down; industry capacity utilization remains high; in addition, the soft material price in the South China market is at a high level of 11,400-11,800 yuan/ton, and the gross profit margin of the domestic EVA industry is around 2,200 yuan/ton.

4price prediction

In the short term, domestic EVA may continue to show a weak and stable fluctuation trend. Under the situation of weak supply and demand, there is a polarization in the foam and photovoltaic markets. The photovoltaic sector has a preference for support, and domestic EVA manufacturers are relatively strong in maintaining the market. Agents mostly operate with stable inventory, but the downstream foam terminal demand follows slowly. The positive factors from the supply side encounter obstacles in transmission, making it difficult to effectively increase transactions. Operators mainly adopt a cautious approach, following the market. The game between supply and demand continues, and Longzhong Information predicts that the domestic EVA market will mainly maintain a weak and stable consolidation in the near term.

5related product situation

 1) ethylene:March 20th CFR Northeast Asia $855/ton stable, CFR Southeast Asia $920/ton stable. Sinopec Chemical Sales East China Branch ethylene quotation remains steady at 7300 yuan/ton, Jinshan Lianmao ethylene quotation is synchronized to 7300 yuan/ton.

2acetic acid vinyl:The mainstream discussion for the vinyl acetate market in East China ranges from 5950 to 6050 yuan/ton, with petrochemical prices in the East China region at 6050 to 6100 yuan/ton. The spot trading atmosphere is mediocre, and the focus of discussions continues to be on the lower end.