SunSirs: China EVA Market Continued to be Weak and Stable in July

　　According to the data monitoring of SunSirs, the average price of EVA in the domestic market was 18,100.00 RMB/ ton on July 1 and 17,933.33 RMB/ ton on July 27. The overall decline in July was 0.92%, down 8.81% compared with June 1. The trend of EVA remained stable in the first half of July, and the ex-factory price decreased twice in the second half of July.

　　In July, the EVA market continued to weaken. In the first half of July, the market entered the post decline consolidation stage, and there were two price adjustments in the second half of the month. The following declines were dominant, and the market was weak as a whole. EVA prices fell in the second half of the month on July 19 and July 27 respectively. So far, there are some differences in the trend of EVA products. Due to the good demand for soft materials, tight supply and price exploration, the hard material market is light and the price is weak. Some petrochemical enterprises raised the quotation of soft materials, and most businesses followed the rise. The downstream is enthusiastic about soft material procurement, and the overall transaction atmosphere of hard materials is weak. The impact of new production capacity on the market is obvious.

　　In the international crude oil market, on July 26, the international oil price stabilized with little fluctuation. The settlement price of the main contract in the U.S. WTI crude oil futures market was US $71.91/ barrel, down US $0.16, and the settlement price of the main contract in Brent crude oil futures market was US $74.50/ barrel, up US $0.4. The virus variant continues to affect demand expectations, but crude oil supply will remain tight in the coming months of this year.

　　Overall, international crude oil rose slightly, and the news brought some support to the market. There are some differences in the trend of EVA soft material and hard material. In terms of supply, the new production capacity has a certain impact, and the operators are more cautious. It is expected that the fluctuation range of China EVA market in August is limited and the price is mainly weak.