Last week, China Chemical Quanzhou EVA UL00628 after six rounds of bidding, the final price of 23700 yuan/ton transaction, a single day up 2200 yuan/ton, 11%, a record high price.
EVA market prices also rose across the board. On September 3, the quotation of Yanchang China Coal Yulin Energy chemical Company was 20950, which increased by 1550 yuan compared with August 31. Yanshan Petrochemical quoted 20,300 yuan/ton, 800 yuan higher than August 31; Basf yangzi quoted 20,400 yuan/ton, 400 yuan higher than August 31.
At the same time, Ube Marusan Polyethylene, a joint venture between Ube Keiko and Marusan Petrochemical, said in a letter that it will raise the prices of its EVA resin and EEA resin by 20 yen/kg (about 1,176 yuan/ton) and EEA resin by 40 yen/kg (about 2,352 yuan/ton) from October 1.
Yesterday, the domestic EVA market continued to surge, yangtse Basf Nanjing market rose 2800 yuan/ton, up more than 13%, at 23800 yuan/ton, EVA factory has also increased the factory listing price, the highest increase of 2200 yuan!
Basf Petrochemical yangtse EVA factory price increased 1800-1900 yuan/ton;
Lianhong new material EVA ex-factory listing price increased by 2000 yuan/ton;
Ningbo Formosa Plastics raised the EVA ex-factory price by 1900 yuan/ton this week;
Jiangsusilbang Petrochemical EVA factory price increased 2000-2200 yuan/ton.
The rise of the main reason is that, under the strong pull of PV demand in early August, EVA unbalanced supply and demand fundamentals, could domestic petrochemical production scheduling of photovoltaic (PV) is given priority to with photovoltaic production scheduling, and photovoltaic materials in the production of new capacity is also keen to get into, the less of imported raw materials and the customs clearance delays, makes the market as a whole the circulation of other kinds EVA supply of goods is very nervous.
Secondly, China’s EVA industry has long been dependent on imports, and the capacity of FOREIGN EVA is extremely unstable. Versalis, Europe’s largest EVA manufacturer, has again declared force majeure on all EVA products at its Oberhausen plant. A production line at its Italian plant in Ragusa was also affected, the report said.
Market supply is a difficult to solve the problem of temporarily, after PV demand season opening, a strong do not change in recent months, the downstream foam material into the traditional “golden nine silver ten” ready for the season, the upstream petrochemical need to balance the factory with the market price, although the high cost of downstream has to bear, but temporarily difficult to compete for voice, so the market is difficult to change up the road to the peak. However, the peak EVA price will also make downstream factories feel besieged and overwhelmed. As the saying goes, the market will fall for a long time, and the market will rise for a long time. At the moment of highlight, we should also be on guard against the risk of turning around.
Post time: Sep-13-2021