This week, the domestic EVA market continued to decline, and the market transaction atmosphere was poor. According to the data monitoring of the business agency, the average ex factory price of domestic EVA was 21666.67 yuan / ton on November 28 and 20500.00 yuan / ton on December 3. The decline rate during the week was 5.38%, down 9.56% compared with November 1.

As of December 3, the ex factory quotation of EVA is as follows:

product manufactor model Ex factory price

EVA yanshan petrochemical 18J3 19500 yuan / ton

EVA Beijing Organic Y2022 20000 yuan / ton

EVA BASF Yangzi V5110J 22000 yuan / ton

The domestic EVA market price continued to fall this week, with many negative factors in the market. During the week, the ex factory price of petrochemical enterprises fell, the cost support was weak, the international crude oil price fell, and the news was bad. In addition, the price of bidding goods was reduced, the downstream just needed to make up, the enthusiasm for entering the market was general, the overall transaction atmosphere in the market was poor, the merchant mentality was weak, and most of the offers followed the reduction for shipment.

In the upstream ethylene market, the external ethylene market has been shaken and consolidated recently. The price of ethylene in Asia fell. As of the 2nd, CFR Northeast Asia closed at USD 1096-1106 / T and CFR Southeast Asia closed at USD 1041-1051 / T. The price of ethylene market in Europe fluctuated and rose. As of the 2nd, FD northwest Europe closed at US $1232-1243 / T and CIF northwest Europe closed at US $1154-1163 / T. The price of ethylene in the United States fell. As of the 2nd, the price was 658-675 yuan / ton. Recently, the external ethylene market continued to decline as a whole, with poor demand, cold market trading atmosphere and difficult transaction.

In terms of supply, there is little change in market supply, the supply of soft materials is relatively sufficient, and the supply of hard materials is tight. In terms of demand, the overall market demand has weakened, the demand for photovoltaic materials has gradually decreased, and the downstream factories make up as needed. The overall transaction atmosphere is general, the merchants’ mentality is weak, mainly shipping. It is expected that the EVA market will be mainly consolidated in the short term or weak.