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EVA: The reason behind the soaring rise

 Last Update: 2022-08-16
 Source: Internet
 Author: User

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Since August, the EVA market has opened an upward channel, and the increase in September has continued to increa.

Figure 1: Plastic City EVA price chart

First of all, excluding the upstream, as the basis of cost, did not bring much help to this wave of mark.

industry	product	August 3	September 16	Remark
crude	Nymex WTI	427	416	USD/Barrel
IPE Brent	43	422	USD/Barrel
monomer	Ethylene (CFR Northeast Asia)	798-804	808-814	USD/ton

Industry Products August 3rd September 16th Remarks Crude Oil Nymex WTI US$427416/barrel IPE Brent US$43422/barrel Monomer Ethylene (CFR Northeast Asia) US$798-804808-814/ton Industry Products August 3rd Remarks on September 16 Industry Products August 3 Remarks on September 16 Crude Oil Nymex WTI $427416/barrel Crude Nymex WTI $427416/barrel IPE Brent $43422/barrel IPE Brent $43422 USD/barrel monomer ethylene (CFR Northeast Asia) 798-804808-814 USD/ton monomer ethylene (CFR Northeast Asia) 798-804808-814 USD/ton

Table 1: Upstream product price change table

manufacturer	grade	August 3	September 17	ups and downs	unit
Beijing Organic	Y2022 (14-2)	10700	13500	2800	Yuan / ton
Beijing Organic	Y2045 (18-3)	10500	13500	3000	Yuan / ton
BASF Yangtze	V5110J	10000	13200	3200	Yuan / ton
BASF Yangtze	V4110J	10000	13200	3200	Yuan / ton
BASF Yangtze	V6110M	10300	13500	3200	Yuan / ton
Jiangsu Sailbang	V5120J	10000	12900	2900	Yuan / ton
Jiangsu Sailbang	UE639	10400	13300	2900	Yuan / ton
Ningbo Formosa Plastics	7470M	11100	14200	3100	Yuan / ton
Ningbo Formosa Plastics	7760H	11700	14100	2400	Yuan / ton
Lianhong New Materials	UL00628	10600	13300	2700	Yuan / ton

Production enterprise grades on August 3rd and September 17.

In addition to the sharp rise in petrochemicals, the timely cooperation between supply and demand also played a key ro.

EVA domestic production continued to decli.

Demand side: With the advent of the production season, orders from downstream enterprises have increased, and demand will improve compared with the previous peri.

To sum up, in general, the tight supply situation in the market is difficult to improve, the overall reluctance to sell is obvious, the inventories of manufacturers and traders are at a low level, the gold nine silver ten is coming, the consumption season of some EVA industries continues to increase, and the demand continues to increa.

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