[EVA Weekly Outlook] Domestic EVA Market Prices Expected to Rise First and Then Stabilize This Week

I. Points of Attention

1 、 Crude Oil:[Longzhong] 7/25: Although market concerns over U.S. tariffs have eased, some weak economic data have made traders cautious, causing international oil prices to decline. NYMEX crude oil futures September contract fell $0.87 to $65.16 per barrel, down 1.32% on a weekly basis; ICE Brent crude oil futures September contract dropped $0.74 to $68.44 per barrel, down 1.07% week-on-week. China's INE crude oil futures main contract 2509 rose 4.3 to 508.6 yuan per barrel, but fell 6.7 to 501.9 yuan per barrel during the night session.

2 、Ethylene: Production enterprises are not under significant pressure to ship goods. However, as there is still a relatively abundant supply of exportable goods in the market, suppliers have no intention to raise prices. Downstream, purchasing continues based on just-in-time demand, and there are no new bullish or bearish signals in the market fundamentals for now. It is expected that in the short term, prices will mainly remain stable. On the next working day, the spot transaction range in the East China region is expected to be around 6500-6700 yuan/ton, while the USD market is expected to be between 800-840 USD/ton.

Vinyl acetate The market price of vinyl acetate continues to rise, with expectations of a contraction in spot supply on the supply side. Producers are raising prices, and intermediaries are holding back sales, pushing up quotes. Downstream users are purchasing as needed and passively accepting high-priced raw materials. Spot transactions are not active, and the market is still digesting the price increase. Attention should be paid to the sales pace of intermediaries. It is expected that the short-term price focus of the vinyl acetate market will remain high.

Core Logic: The cost side of ethylene maintains a stable trend, with vinyl acetate expected to consolidate at high levels. The overall cost support remains stable, and EVA petrochemical manufacturers are expected to adjust prices steadily upward. Market spot sales are controlled, and prices are reported higher accordingly. The market is expected to temporarily continue in a firm price state. 。

2. Price List

3. Data Form

4. Market Outlook

Last week, the domestic EVA market remained stable and strong. Looking at this week, there is no pressure on the supply side inventory or ex-factory price increases. The market for foaming materials is tight and may continue to rise. End-user factories will continue to procure based on just-in-time demand, but may resist high prices. It is expected that the domestic EVA market prices will first rise and then stabilize this week. The forecast is: soft materials are expected to be 9,800-10,600 yuan/ton, hard materials 9,600-10,500 yuan/ton, and photovoltaic materials 9,500-9,800 yuan/ton.

5. Data Calendar