[eva daily review] market slightly rebounds and consolidates at low levels with average turnover

1 Today's Summary

This week, the ex-factory price of EVA petrochemicals remained stable with a downward adjustment, and the auction supply transaction was average.

This week's EVA petrochemical plants: The Yanshan Petrochemical plant has been shut down for a long time, while others remain in stable production. Hanwha GS Energy in Korea has a capacity of 300,000 tons per year.September 25Device commissioning.

2. Spot Overview

Today, the domestic EVA market has stabilized and rebounded from the bottom. At the beginning of the week, petrochemical prices were adjusted steadily, and after holders sold off, they adopted a wait-and-see approach. At the end of the month, agents had limited spot goods, which slightly supported the market. Transactions were driven by just-in-time demand, and the market atmosphere was one of observation. 。 Mainstream prices: soft material reference 9750-10200 yuan/ton, hard material reference 9800-10300 yuan/ton 。

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

3 Production Dynamics

Domestic EVA Petrochemical Units: Sinochem Quanzhou produces V1815; Jiangsu Sailboat's tubular unit produces photovoltaic-grade, autoclave unit produces UE3315; Jiangsu Hongjing's PV1 line produces photovoltaic-grade, PV2 lineProduce Photovoltaic V2825PV3 line produces 6020M; Ningxia Baofeng produces hard material 1803; Yanchang Yulin produces V2825Y; Tianli Gaoxin produces hard material 1803; Zhejiang Petrochemical produces photovoltaic; Gulei Petrochemical produces USI-2806.All three EVA units at Yanshan have been shut down.Additionally, the price of soft material in the South China market is 9,700-10,200 RMB/ton, and the domestic EVA industry profit margin is around 1,150 RMB/ton.

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

4 Price Prediction

In the short term, the market is characterized by a strong standoff between supply and demand. The outlook for new capacity and demand by the end of the year is not optimistic, both of which exert pressure on the supply-demand side. Concerns about the future market are unlikely to be dispelled for the time being, and short-term market support is relatively weak. The domestic EVA market is mainly undergoing weak consolidation. 。 Waiting quietly for further guidance.

5 Related Product Information

  1 Ethylene: On October 24, CFR Northeast Asia was $765/ton, down $15/ton, and CFR Southeast Asia was $755/ton, down $15/ton. The ethylene quotation from Sinopec Chemical Sales East China Branch remains stable at 6300 yuan/ton, and the ethylene quotation from Jinshan Lianmao is synchronized at 6300 yuan/ton.

 2 Vinyl acetate The mainstream negotiation for vinyl acetate in the East China market is 5800-5900 yuan/ton, Jiangsu. The petrochemical price is 5800-5900 yuan/ton, spot trading is not active, attention is on the flow of goods, and discussions are being organized within the focus range.

6 Data Calendar

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