[eva daily review] market report steady yet declining, trading volume poor

1 Today's Summary

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

Except for the long-stopped unit at Yanshan Petrochemical, other EVA petrochemical units maintained stable production this week.

Today, the EVA market in China is experiencing a subdued atmosphere. As pre-holiday stocking by downstream buyers is nearing completion, transactions in the market are primarily based on immediate needs. Some holders lack confidence in the future market and are actively selling, leading to increased room for negotiation in actual transactions, which remain relatively weak. Mainstream price: Soft material reference 11,000-11,400 yuan/ton, hard material reference 10,600-11,500 yuan/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

Sure, here's the translation: "Domestic EVA petrochemical plants: Sinochem Quanzhou produces FL00628; Jiangsu Sailboat's tubular equipment produces photovoltaic, kettle equipment produces UE2806; Jiangsu Hongjing PV1 line produces photovoltaic, PV2 line"Produce photovoltaic V2825PV3 line is switching to produce 6020M; Ningxia Baofeng is switching to produce photovoltaic 2825; Yanchang Yulin is producing V2825Y; Tianli Gaoxin is producing photovoltaic; Zhejiang Petrochemical is producing photovoltaic.All three EVA units in Yanshan are shut down.In addition, the price of soft materials in the South China market is 11,000-11,400 yuan/ton, and the gross profit level of the domestic EVA industry is around 2,400 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

During the holiday period, the domestic EVA market sees weakened trading activity with fewer updates available. It is expected that market trading will remain light due to just-in-time demand. After the holiday, the market is anticipated to ease in terms of supply and demand, with supply-side prices likely stabilizing initially. Downstream demand for spot goods may slightly slow down. The overall transaction pace is slow.The market is expected to remain weak and stable. Pay attention to the latest price adjustments by EVA manufacturers and changes in market sentiment during the long holiday. 。

5 ", Relevant Product Information"

1 Ethylene: On September 26, CFR Northeast Asia was $815/ton, down by $5/ton, and CFR Southeast Asia was $810/ton, down by $10/ton. Sinopec East China Sales Company has lowered its ethylene price by 250 yuan/ton to 6,700 yuan/ton, and Jinshan United Trading's ethylene price is also adjusted to 6,700 yuan/ton.

2 Vinyl acetate: East China Acetic AcidEthylene marketThe mainstream negotiation is 5500-5600 RMB/ton. In the East China region, petrochemical prices are between 5500-5600 yuan/ton. There is an increase in large order inquiries, and the supply of spot goods is relatively tight. Attention is focused on the flow of goods after the holiday, and the overall atmosphere is decent.

6 Data Calendar

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