[EVA Daily Review] Pessimistic Market Sentiment, Difficult Transactions

1 Today's Summary

① This week's EVA petrochemical ex-factory price remains stable.

Except for the long-stalled Yanshan Petrochemical plant, all other units are operating stably. On September 25th, South Korea's Hanwha-GS Energy's 300,000-ton/year unit was commissioned.

Today, the domestic EVA market is reporting mixed prices, with cautious and pessimistic sentiments among industry participants. Downstream procurement is sporadic, and the willingness to purchase is low. The market is experiencing chaotic price reports, and transactions are mainly based on just-in-time needs, making actual sales quite difficult. Transaction prices are declining, and the overall atmosphere is lackluster. Mainstream prices: Soft materials refer to 10,900-11,400 yuan/ton, hard materials refer to 10,600-11,500 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 Status

Domestic EVA petrochemical facilities: Sinochem Quanzhou has switched to producing FL00328; Jiangsu Sierbang's tubular system produces photovoltaic, while its kettle system produces UE28150; Jiangsu Hongjing's PV1 line produces photovoltaic, and the PV2 line.Produce photovoltaic V2825PV3 line produces 6020M; Ningxia Baofeng produces photovoltaic 2825; Yanchang Yulin produces V2825Y; Tianli Gaoxin produces photovoltaic; Zhejiang Petrochemical produces photovoltaic.All three EVA units at Yanshan are shut down.Additionally, the soft material prices in the South China market range from 10,950 to 11,400 yuan/ton, and the gross profit level in the domestic EVA industry is around 2,300 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 prediction

In the short term, EVA manufacturers are maintaining stable production, and supply is expected to increase. However, demand lacks effective improvement, and transaction follow-up is weak. Industry confidence is insufficient, and petrochemical manufacturers may still prioritize stabilizing prices. Due to the lack of positive market drivers, transactions may face downward pressure and a declining trend. 。 Pay attention to the price adjustment trends of domestic EVA manufacturers next week and changes in market sentiment. 。

5 Related Product Information

1 Ethylene: On October 9, CFR Northeast Asia is stable at $805/ton, and CFR Southeast Asia is stable at $800/ton. The ethylene price from Sinopec East China Sales Branch remains stable at 6500 yuan/ton, and Jinshan United Trading's ethylene price is also synchronized at 6500 yuan/ton.

2 Vinyl acetate: The mainstream negotiation price for vinyl acetate in the East China market is 5600-5700 RMB/ton in Jiangsu. Petrochemical prices are 5600-5700 yuan/ton, with limited available spot stock. Downstream inquiry enthusiasm is increasing, and holders are reluctant to sell at low prices. Offers are chaotic, with some small orders trading at high prices. Attention should be paid to guidance from the news.

6 Data Calendar

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