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【EVA Morning Update】Manufacturers will continue to support prices, and the EVA market may operate steadily with minor adjustments.

Longzhong 2025-04-02 08:22:35

1. Focus Points

1 、On April 1st, market attention shifted from production sanctions to US tariff policies, raising concerns about the impact on demand prospects, leading to a decline in international oil prices. NYMEX crude oil futures contract for May fell by $0.28 per barrel to $71.20, a decrease of -0.39%; ICE Brent crude oil futures contract for June also fell by $0.28 per barrel to $74.49, a decrease of -0.37%. China's INE crude oil futures主力contract for May rose by 11.6 to 549 yuan per barrel, with the night session closing at 553.3 yuan per barrel, up by 4.3.

2 Ethylene Production enterprises currently face no significant export pressure and are inclined to maintain steady shipments. However, sufficient downstream procurement channels have slowed the pace of external purchases, making it difficult to boost demand. Given the current market conditions, the supply-demand stalemate persists, and market activity remains subdued. The market is expected to stabilize, with transaction ranges likely holding between 6,900–7,200 yuan/ton. The USD-denominated market is projected to remain within the range of 840–860 USD/ton.

Acetic Vinyl: The supply side of vinyl acetate maintains stable operating loads, while the demand side purchases as needed. The trading atmosphere is average, and attention should be paid to changes in downstream EVA operating loads and the flow of goods. Waiting for new information to guide the market, it is expected that the vinyl acetate market will operate in a wait-and-see manner in the coming days.

Core Logic: The cost side of ethylene and vinyl acetate is operating weakly, with reduced cost support. Some factories are switching to producing EVA foam materials, which may supplement supply.Downstream foaming demand is following up with essential needs, and market sentiment has slightly softened. It is expected that the EVA market may experience a weak consolidation trend.

Price List

Product Name	Category	3 December 31st	4 1st of the month	Rise and fall	Unit
Crude oil	NYMEX	71.48	71.2	-0.28	USD/barrel
Crude oil	ICE	74.74	74.49	-0.25	USD/barrel
Ethylene	Northeast Asia	855	855	0	USD/ton
	Southeast Asia	920	920	0	USD/ton
	Sinopec East China	7100	7100	0	Yuan/ton
Vinyl acetate	East China Market	5925	5925	0	Yuan/ton

III. Market Outlook

In the short term, the domestic EVA market may operate steadily with slight adjustments. On the supply side, many manufacturers are prioritizing the production of photovoltaic orders. Supported by strong photovoltaic demand, EVA manufacturers are expected to continue their price maintenance operations. The downstream demand for foaming remains unchanged, but transaction volumes are difficult to increase. Industry sentiment appears somewhat anxious, and it is anticipated that the domestic EVA market will mainly undergo weak adjustments. Mainstream market prices: hard materials will fluctuate between 11,200-11,600 yuan/ton, soft materials may fluctuate between 11,400-11,700 yuan/ton, and photovoltaic materials will fluctuate between 11,500-11,900 yuan/ton.

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【EVA Morning Update】Manufacturers will continue to support prices, and the EVA market may operate steadily with minor adjustments.

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