This week, the domestic EVA market did not stop falling and continued the downward trend. According to the data monitoring of the business agency, the average ex factory price of domestic EVA was 20166.67 yuan / ton on December 12 and 18433.33 yuan / ton on December 20. The decline rate during the week was 8.60%, 10.08% lower than that on December 1.
| Azodicarbonamide (AC foaming Agent) |
As of December 20, 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 18000 yuan / ton
EVA BASF Yangzi V5110J 17800 yuan / ton
This week, the domestic EVA market continued to be weak and downward, and the market lacked positive boost. During the week, the ex factory price of petrochemical enterprises was significantly reduced and the cost support was weak. This week, the international crude oil price fluctuated and fell, which brought Limited benefits to the market. The downstream just needed to enter the market, with a cautious attitude. The overall transaction atmosphere of the market was weak, the mentality of merchants was poor, the offer was chaotic, and most of them followed the reduction and shipment.
| Sodium Molybdate |
In the upstream ethylene market, the external ethylene market has fluctuated and risen recently, but the benefits to the EVA market are limited. The ethylene market price in Asia was stable. As of the 15th, CFR Northeast Asia closed at USD 1056-1066 / ton and CFR Southeast Asia closed at USD 1041-1051 / ton. The price of ethylene market in Europe fluctuated and rose. As of the 15th, FD northwest Europe closed at US $1398-1407 / T and CIF northwest Europe closed at US $1312-1321 / T. The price of ethylene in the United States fell. As of the 15th, the price was 636-654 yuan / ton. Recently, the external ethylene market continued to rise as a whole, mainly due to the good demand for ethylene in Europe, which led to the rise of the overall ethylene market.
At present, there is little change in the market supply convenience. In terms of demand, the downstream performance is poor, the terminal demand is weak, and the market mentality is difficult to be optimistic. The downstream maintains replenishment on demand, and the merchant mentality is poor. It is expected that the EVA market may continue to decline in the short term.
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