Recently (9.1~9.17) the domestic EVA market continues the upward trend. According to the company’s commodity market analysis system, as of September 17, the domestic EVA benchmark price was 11,200 yuan / ton, up 1.20% from September 1, 11,066 yuan / ton. On the one hand, EVA downstream demand support is better, raw material price support is stronger, pushing EVA prices higher; on the other hand, the domestic EVA device construction overall maintained a high level, the overall growth of the EVA market is limited.
| Gamma-PGA (gamma polyglutamic acid) |
Recently (9.1~9.17) EVA started to go up to about 9.0%, some pre-repair equipment restarted operation, EVA market supply pressure increased. During the cycle, raw material ethylene price was stable, ethylene acetate price was higher, the cost in the face of EVA support strengthened. As of September 17, the domestic ethylene petrochemical China East price at 7,150 yuan / ton, compared to September 1, 7,050 yuan / ton was stable; as of September 17, the market price of ethylene acetate China East at 5,400 yuan / ton, compared to September 1, 5,200 increased by 3.85%.
Recent PV EVA demand is strong support, plus the foam end to keep up with just need to follow up, the recent EVA demand support is better. But downstream to the high-price supply is still resistant. Trade side holding stock carefully with the market operation, the market stability continues to go high.
Aftermarket forecasts, the overall view of raw material prices higher EVA cost support, EVA start-up high supply surface pressure still exists, downstream photovoltaic and foam industry just need to support stronger, the overall expectation of the later EVA spot market or continue to rise slightly.
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