June 24th News
In June 2026, the overall EVA market in China showed a weak consolidation trend, with limited change rate and generally cautious trading. According to the data, as of June 23, the benchmark price of EVA was 9,833 CNY/ton, down 2.32% from 10,066 CNY/ton at the beginning of the month. At the beginning of the month, the market continued the weak pattern from May, with prices slightly declining. Mid-month, prices rose slightly due to the support of plant maintenance, but by the end of the month, prices fell again slightly due to lower crude oil prices, indicating that the industry as a whole was in a weak consolidation phase.
In June, China's EVA facilities experienced alternating starts and stops. Yanshan Petrochemical, Yangzi Petrochemical, and Quanzhou Petrochemical were fully shut down for maintenance throughout the month; Silong switched to producing LDPE; Hongjing New Materials was expected to undergo maintenance at the end of June; and Yulong Petrochemical planned to switch back to EVA production in mid-to-late June. Initially, with low operating rates around 73%, spot supplies were tight. Later, as some capacity was released, industry operating rates rose to 78-80%, and combined with the accumulation of inventory from earlier, the circulation of foam-grade EVA was slow, resulting in relatively ample overall supply, which made it difficult to support a significant price increase.
June falls within the traditionally slow season for downstream consumer demand. In general-purpose sectors such as foaming and cables, end-customer orders remain sluggish. Downstream companies are mostly procuring goods based on rigid, on-demand requirements, with little willingness to build up inventories, resulting in light market activity. The only positive factor comes from the photovoltaic sector, where demand for PV installations continues to remain steady, providing firm support for EVA grades used in photovoltaics—but this alone is insufficient to trigger a broader market recovery.
International crude oil prices are fluctuating at low levels, and the cost center of EVA raw materials has shifted downward, leading to weaker cost support in the industry. Market participants have divergent sentiments; some traders are selling at low prices to recover funds, while there is a slight increase in speculative restocking demand at low levels, intensifying market volatility.
The EVA mean deviation chart shows that, in early June, the mean deviation plunged to a deep negative value near -500, indicating strong short-selling pressure in the market. Subsequently, the mean deviation continued to rebound unilaterally, gradually easing the short-selling pressure and reaching close to the zero axis on June 19. In late June, the mean deviation slightly declined again, returning to negative territory and signaling a waning upward momentum.
Looking ahead, the short-term EVA market in China will continue to experience a volatile consolidation pattern. On the supply side, the addition of new production capacity and ongoing plant maintenance will continue to counterbalance each other, making it difficult to change the overall loose supply and demand situation. On the demand side, the off-season effect is expected to persist, with limited incremental demand. It is projected that in the short term, there will be no significant fluctuation in EVA prices; the price of foaming materials will remain within a range, while photovoltaic-grade EVA, supported by steady demand, will be relatively more resistant to price declines.
