[eva daily review] market quotations stable and consolidating, profit-taking dominates

1 Today's Summary

This week, the ex-factory price of EVA petrochemicals has increased, and the auctioned goods have sold well.

This week, the EVA petrochemical plant will undergo planned shutdown at Tianli Gaoxin, and an unexpected shutdown at Hongjing PV3.

Table 1: Domestic EVA Price Summary (Unit: RMB/ton)

Today's Domestic EVA MarketThe market is steadily consolidating, with the supply side supported by petrochemicals maintaining prices. Traders mainly keep their offers stable, but downstream foam factories resist high-priced sources. The market is primarily driven by profit-taking, with transactions centered around negotiations. 。 Mainstream price: Soft materials are referenced at 10,900-11,400 RMB/ton, hard materials are referenced at 10,300-11,100 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	Data source: Longzhong Information

3 Production Dynamics

Domestic EVA Petrochemical Plant:Sinopec Quanzhou Product FL00628In Jiangsu, Sierbang's tubular device is producing photovoltaic materials, while the kettle-type device is switching to produce UE2806. In Jiangsu, Hongjing's PV1 line is producing photovoltaic materials, PV2 line is producing photovoltaic materials, and PV3 line unexpectedly shut down on the 25th. All three EVA units in Yanshan are shut down. Ningxia Baofeng is producing 1803; Yanchang Yulin is producing V2825Y; Zhejiang Petrochemical is producing photovoltaic materials; Gulei Petrochemical is producing USI-629. Additionally, the price for soft materials in the South China market is 10,900-11,100 yuan/ton, and the domestic EVA industry's gross profit level is around 2,100 yuan/ton.

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

4 Price Prediction

In the current market, photovoltaic orders on the supply side are selling well. EVA manufacturers are primarily fulfilling previous orders, and petrochemical inventories are strong, supporting firm prices. The main downstream photovoltaic demand is well-supported, but the foam terminal is resistant to high-priced sources. In the mindset of securing profits, there is active selling with price suppression. The short-term EVA market is expected to operate steadily with possible adjustments, and there may be a potential for a gradual decline in the market.

5 Related product information

  1 Ethylene: 8 25th of the month Day CFR Northeast Asia 840 USD/ton increased by 10 USD/ton. CFR Southeast Asia 830 USD/ton increased by USD 10/ton 。 The ethylene price from Sinopec Chemical Products Sales Company East China Branch remains stable at 7,050 yuan/ton, and the ethylene price from Jinshan United Trading is synchronized at 7,050 yuan/ton.

2 Vinyl acetate: East China Acetic Acid Ethylene Market The mainstream negotiation for high and low-end is 5250-5300 yuan/ton. In the East China region, petrochemical prices are between 5250-5300 yuan/ton. Spot trading is sluggish, with negotiations focusing on the lower end.

6 Data Calendar

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