[EVA Daily Review] Petrochemical Prices Steady, Foaming Market Narrowly Declines

1 Today's Summary

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

This week, the EVA petrochemical plant: Yangba plans to shut down for maintenance soon, while the others are operating steadily.

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

Today, the domestic EVA market report shows a steady decline. At the beginning of the week, petrochemical factory prices remained stable, but the downstream foam market has been stocking up ahead of the holiday based on just-in-time needs. Some imported materials have recently arrived at the port, and holders are actively selling off before the holiday for peace of mind. Additionally, some downstream factories are also experiencing raw material outflow, leading to a chaotic market report, with actual transactions primarily based on negotiations. Mainstream prices: Soft material reference 11,300-11,700 yuan/ton, hard material reference 10,800-11,500 yuan/ton. 。

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

3 Production Dynamics

On September 19th, the domestic EVA petrochemical plant: Sinochem Quanzhou started up in the early morning to produce FL00628; Jiangsu Sailboat's tubular unit is producing photovoltaic materials, and the kettle unit is producing UE2806; Jiangsu Hongjing's PV1 line is producing photovoltaic materials, and the PV2 line is producing photovoltaic materials.Photovoltaic V2825On the PV3 line, photovoltaic V2825 is being produced; all three EVA units at Yanshan have been shut down; Ningxia Baofeng began producing 2806 in the early morning of the 22nd; Yanchang Yulin is producing V2825Y; Tieli High-Tech is producing photovoltaic products; Zhejiang Petrochemical is producing photovoltaic products. Additionally, the price of soft materials in the South China market is 11,300-11,600 RMB/ton, and the gross profit margin of the domestic EVA industry is around 2,600 RMB/ton.

Figure 3: Trends in 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 short term, the supply side is relatively strong, providing support. The production of some petrochemical soft materials has increased, and overall inventory remains worry-free.Downstream photovoltaic demand follows pre-holiday procurement just-in-demand.Foam terminal factories are resistant to high-priced raw materials, and procurement is based on just-in-time needs. Holders are cautious, and the market mainly focuses on arbitrage selling. The market is expected to remain stable and consolidate.

5 Related Product Information

1 Ethylene: On September 19, CFR Northeast Asia was $845/ton, down $5/ton, and CFR Southeast Asia was $840/ton, stable. Sinopec Chemical Sales East China Branch's ethylene price remains stable at 7,050 yuan/ton, and Jintan Lianmao's ethylene price is also synchronized at 7,050 yuan/ton.

2 Vinyl acetate: Eastern China Acetic AcidEthylene MarketMainstream negotiations for high and low ends are at 5400-5500 RMB/ton. Petrochemical prices in the East China region are 5,400-5,500 yuan/ton, with new orders released as needed, and prices are consolidated within this range.

6 Data Calendar

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