Recent EVA Market Review and November Outlook

The year 2025EVACompared to previous years, the price is relatively low and has been maintained at this level.12000 /Within tons.2021Annual price at16000-29000 / 2022 13000-27000 / 2023 11000-18000 / 2024 9500-12500 / 2025The industry throughout the year has shown the characteristic of "tight balance and rising prices in the first half, followed by a relaxed phase and rebound in the second half."

Data Source: Jin Lian Chuang

In the first quarter, driven by demand, prices remained relatively firm. The photovoltaic industry experienced an installation surge at the beginning of the year, and domestic photovoltaic film companies concentrated their restocking demand. Orders in the foaming sector increased sequentially, driving up foaming material prices.11800-12000 /Ton range.

In the second quarter, the market pattern shifted towards supply easing, with new production capacity mainly focused on general-purpose materials such as foam and cables. The supply of general-purpose materials increased quarter-on-quarter in the second quarter.28%During this period, the demand side enters the traditional off-season, the pace of photovoltaic installations slows down, and the operating rate of downstream foam shoe materials and packaging companies declines. The procurement of rigid demand is difficult to absorb the incremental supply. At this stage, the price of foaming materials gradually falls back to...11000-11200 /Ton, the market has entered the destocking cycle.

In the middle of the third quarter, concentrated maintenance of domestic and foreign facilities led to a contraction in supply. Overseas, major facilities such as Korea's Total and Taiwan's Formosa Plastics began operations.20-30Tianjin Dagu Chemical is undergoing maintenance; domestic companies like Sinopec-SK Petrochemical and Gulei Petrochemical have planned shutdowns, and Sinochem Quanzhou's facilities are under maintenance, leading to a reduction in supply. Additionally, the demand for photovoltaic materials is prompting some facilities to switch to photovoltaic production, resulting in a decrease in the production volume of general-purpose materials.8The monthly foam material price increase reaches5%，9Yue Yang BaV5110JWhen the prices of mainstream brands rise to11500-11800 /

The Mid-Autumn Festival and National Day holidays are approaching, along with a weakening in photovoltaic pre-production schedules, leading to limited confidence among industry players.10In the month, foam prices fell again, with foam material prices in the first week after the holiday dropping compared to before the holiday.300 /Around tons. South Korea addsEVAInstalled in10At the beginning of the month, production was launched. As our country's largest source of imports, it is expected that its low-priced resources will continue to arrive, further intensifying competition in the domestic market.

2025 11Monthly Domestic Equipment Maintenance Statistics

Unit: 10,000 tons/

Data Source: JLC Network Technology

The supply in November is expected to decrease, and the increase is postponed until later. 12 Month. Overseas devices such asLGAlthough Hanwha has restarted, resources are expected to enter China in12Month, correct 11 There is no substantial replenishment in monthly supply. On the domestic plant side, Yangzi Petrochemical, Formosa Plastics Ningbo, Zhejiang Petrochemical, etc. all have maintenance plans, with maintenance loss expected at...1.4The supply in the market will decrease, involving photovoltaic materials, foam materials, cable materials, etc., amounting to around ten thousand tons. According to current survey results, there is a lack of follow-up orders in downstream sectors, with the order situation in major application areas such as ordinary foam and photovoltaics being generally average. EVA The actual demand support is limited.

In conclusion,11  EVA The market trend is expected to be overall characterized by initial consolidation followed by weakness. 11 The monthly supply-side contraction exceeded expectations, which may impact EVA The market quotation forms a phased support; however, from a long-term perspective, the core contradiction of supply and demand imbalance remains unchanged, and prices still face downward pressure. In South China...5110JFor example, or from10400 / Tons down to10000 /Within tons, decrease5-6%。