EVA Market Trends Narrowly Consolidate in the Short Term

August 26, News

Recently (8.20~8.25), the EVA market in China has been narrowly consolidating. According to the commodity market analysis system, as of August 25, the benchmark price of EVA in China was 10,900 CNY/ton, unchanged from the previous period. On one hand, the supply and demand situation for EVA has improved somewhat; on the other hand, downstream buyers are still resistant to high prices. The EVA market is expected to remain narrowly consolidated in the short term.

Recently (August 20–25), EVA production rates dropped to above 77%, as Tianli New High and other major EVA plants temporarily shut down for maintenance, easing supply pressures in the EVA market. During this period, ethylene prices—used as a key raw material—rose, while vinyl acetate prices declined, providing some cost support for EVA producers. As of August 25, Sinopec’s ethylene price in East China stood at 7,050 CNY per ton, up 2.17% from 6,900 CNY per ton on August 20. Meanwhile, the East China market price for vinyl acetate fell slightly to 5,275 CNY per ton, down 0.94% compared to early August.

From the demand side, short-term photovoltaic demand support has increased, and the foam sector is maintaining essential follow-up purchases, but downstream players are still resistant to high-priced goods. Traders are holding inventory cautiously and operating according to market conditions, with the market currently stabilizing and consolidating.

Looking ahead, raw material prices are expected to show mixed trends overall. While EVA production remains at high levels, easing supply-side pressures, the downstream photovoltaic and foam industries continue to be supported primarily by stable underlying demand. As the traditional peak season approaches, we anticipate that EVA spot market prices may tentatively rise in the coming period.