[EVA Daily Review] Partial Petrochemical Foam Release Limits High-Price Market Transactions

1 Today's Summary

This week, the EVA petrochemical ex-factory prices remained stable, with no auction sources available. Some soft materials are still experiencing tight spot availability.

This week, most EVA petrochemical units have been operating steadily.

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

Today, the domestic EVA market remained stable with some adjustments. Some petrochemical companies increased their supply volumes, while downstream foam factories resisted high-priced sources. After transaction difficulties, some suppliers lowered their offers. Overall, market trading sentiment was average. 。 Mainstream prices: Soft material reference 9,900-10,500 yuan/ton, hard material reference 9,550-10,300 yuan/ton.

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

3 Production Dynamics

Domestic EVA petrochemical units:Sinopec Quanzhou plans to start up and produce EVA after a four-day shutdown for maintenance on the 28th.Jiangsu Sailbon's tubular unit produces photovoltaic, kettle unit produces UE3315; Jiangsu Hongjing's PV1 line produces photovoltaic, PV2 line produces V1818, PV3 line produces V6020M; all three EVA units in Yanshan are shut down; Ningxia Baofeng produces 1803; Yanchang Yulin produces V2825Y; Zhejiang Petrochemical produces photovoltaic. Additionally, the South China market's soft material price is 9900-10500 yuan/ton, and the domestic EVA industry's gross profit level is around 950 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 Forecast

In the short term, EVA petrochemical manufacturers have no pressure from photovoltaic inventories, and transaction conditions are acceptable. The production plans for foaming are increasing, and replenishment will be carried out gradually in the future. Before the supply of foaming soft material spot goods increases in the market, supply and demand will remain relatively tight. Therefore, before the end of the month, The EVA market is expected to continue a moderately strong consolidation trend.

5 - Related Product Information

1Ethylene: 7 June 28 Day CFR Northeast Asia 820 USD/ton remains stable. CFR Southeast Asia 830 USD/ton stable 。 Sinopec Chemical Sales East China Branch ethylene price remains stable at 6,800 yuan/ton, and Jinshan Lianmao ethylene price is simultaneously at 6,800 yuan/ton.

2) Vinyl acetate: East China Acetic AcidEthylene MarketMainstream negotiations for high and low-end range from 5700 to 5750 yuan/ton. The petrochemical price in East China is 5700-5750 yuan/ton. Market rumors are chaotic, the price focus is shifting downward, and spot trading is sparse.

6 Data Calendar

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