Soaring 40%, EVA dominates the "Silver Ten"

Unexpectedly, it is not the ABS resin that is in the limelight, nor the low-density polyethylene (LDPE) that has risen by 1,000 yuan a day, but the EVA, which is hardly talked about on weekda.

Let's review the rising process of EVA first (see Figure

Figure 1: Price trend of EVA market in China Plastic City from August to October

grade	Origin/Manufacturer	October 9	October 29	ups and downs	Quote change
Y2045 (18-3)	Beijing Organic	13600	19000	5400	37%
Y2022 (14-2)	Beijing Organic	13600	18000	4400	34%
E180F	Hanwha Total Petrochemical	12800	17000	4200	38%
V4110J	BASF Yangtze	13800	17000	3200	22%
V5110J	BASF Yangtze	13800	19000	5200	37%
V6110M	BASF Yangtze	14200	17000	2800	17%
VA800	Lotte Chemical	14400	17000	2600	11%
VA900	Lotte Chemical	14000	17000	3000	24%

/1091029Y2045（18-3）1360019000540037%Y2022（14-2）1360018000440034%E180F1280017000420038%V4110J1380017000320022%V5110JBASF 1380019000520037%V6110M Yangtze BASF 1420017000280017%VA800 Lotte Chemical 1440017000260011%VA900 Lotte Chemical 1400017000300024% Brand Origin / ManufacturerY2045（18-3）1360019000540037%Y2045（18-3）1360019000540037%Y2022（14-2）1360018000440034%Y2022（14-2）1360018000440034%E180F1280017000420038%E180F1280017000420038%V4110J1380017000320022%V4110J1380017000320022%V5110J1380019000520037%V5110J1380019000520037%V6110M1420017000280017%V6110M1420017000280017%VA8001440017000260011%VA8001440017000260011%VA9001400017000300024%VA900 Lotte Chemical1400017000300024%

Table 1: The price change of EVA market in China Plastic City in October (unit: RMB/ton)

First, the upstream raw material perspective:

The firmness of EVA upstream raw materials vinyl acetate and methanol, while solidifying the cost, also provided the confidence for the surge of EVA (see Table

product name	October 9	October 29	ups and downs
Vinyl acetate	5800	6050	250
methanol	1795	1895	100

Product Name October 9 Changes on October 29 Vinyl Acetate 58006050250 Methanol 17951895100 Product Name October 9 Changes on October 29 Product Name October 9 Changes on October 29 Vinyl Acetate 58006050250 Vinyl Acetate 58006050250 Methanol 17951895100 Methanol 17951895100

Table 2: Price fluctuation table of EVA upstream products (unit: RMB/ton)

Second, the perspective of petrochemical enterprises:

This round of uptrend was actually initiated by the rise of petrochemical companies across the board (see Table

Origin/Manufacturer	grade	October 9	October 29	ups and downs
Beijing Organic	Y2022	13500	16300	2800
Y2045	13500	16300	2800
BASF Yangtze	V5110J	13400	15300	1900
V5210J	13400	15300	1900
V4110J	13400	15400	2000
V6110M	13700	15500	1800
6110MC	13750	15550	1800
Lianhong New Materials	UL00628	13600	15000	1400
UL00428	13800	15200	1400
Ningbo Formosa Plastics	7470M	14400	16200	1800
7760H	14400	16200	1800
7470K	14500	16350	1850
Jiangsu Sailbang	UE639	13600	15400	1800
V6020M	13600	15400	1800

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iangsu Sierbang UE63913600154001800 Jiangsu Sierbang UE63913600154001800V6020M13600154001800V6020M13600154001800

Table 3: The price change of EVA petrochemical enterprises in October (unit: yuan/ton)

Three: supply and demand perspective:

The supply data of EVA gives people a relatively healthy illusion: from January to September 2020, the domestic production of EVA was 529,600 tons, down 1% year-on-year; the import volume was 871,100 tons, up 7% year-on-ye.

Summary: Obviously, considering the current environment of tight goods, EVA's rising journey has not yet reached the end, even if the pace narrows in the later period, the short-term price will remain high and fi.