Into the second quarter of the EVA market market shocks downward trend
2023/6/13
Data show that as of June 8, EVA prices were about 13,200 yuan per ton, down about 21% from 16,800 yuan per ton in early April.
Plastics analyst Jin De Xia said in an interview with the "China Business News" reporter, EVA prices fell mainly affected by two factors: on the one hand, the EVA market quotes fell, petrochemical companies passively cut factory prices to facilitate delivery; on the other hand, the traditional EVA foam industry demand off-season superimposed on the Gulai Petrochemicals new device put into operation by the shortfall, the industry's wait-and-see atmosphere, the PV industry chain The price of each link continues to fall, and EVA photovoltaic raw materials prices compared to EVA foam, cable material, there is a certain price difference, EVA downstream film factory bearish mentality, procurement is not high.
Prices continue to retreat
EVA is a composite material made of ethylene and vinyl acetate by copolymerization reaction, is widely used in photovoltaic film, foaming shoe materials, wire and cable, hot melt adhesives, coating materials and other fields. At the same time, EVA film is one of the components of photovoltaic modules, with its excellent encapsulation performance, good aging resistance and low prices, occupying more than 50% of the market share, is currently the most widely used solar cell encapsulation film material.
In May, the domestic EVA market market negative continuation, spot prices fell sharply. According to the Business News Agency data monitoring, as of May 31, the domestic EVA factory average price of 13433.33 yuan / ton, an increase of -10.84% over the beginning of the month.
Industry insiders told reporters that by the new production capacity is expected to put into operation and the impact of factors such as the off-season demand for foaming material, EVA prices in May have retreated.
Reporters noted that on May 11, Gulai Petrochemical Integration Phase I project, the last completed set of chemical devices - EVA device test run successfully. It is reported that the EVA plant design capacity of 300,000 tons / year, is the largest single domestic tube method capacity production line.
Jin De Xia believes that Gulai Petrochemical after the release of new production capacity, the market supply pattern will be reshuffled, the sales strategy of petrochemical companies will also change. In the short term, the market may digest the negative impact of the off-season demand in the foaming industry superimposed on the release of production capacity.
Can the inspection and repair to stop the decline?
However, domestic petrochemical enterprises EVA plant phase stop maintenance has recently opened, the supply of petrochemical enterprises will be significantly reduced.
Data show that, including Tianli High-tech, Zhejiang Petrochemical, Yangzi Petrochemical, Yunahua and other enterprises EVA plant stop for maintenance. Among them, Tianli High-tech, Zhejiang Petrochemical, Yangzi Petrochemical to stop minor repairs, YUNENhua parking overhaul, plant parking maintenance losses are expected to be 38020 tons.
Jin De Xia said that the current market price is at a low level, the downstream factory inventory is at a low level, some factories rely on the cost of replenishment, boosting the industry's trading mentality; in addition, PV silicon prices have returned to the level of the beginning of 2021, the PV industry chain prices are getting closer to the bottom range, when the silicon downward space is limited, the whole industry is expected to enter a new steady state, the industry to return to the trend of stable prices and rising volumes.
Jinde Xia is expected to silicon prices near the bottom, the follow-up is expected to drive the rapid adjustment of industry chain prices, which in turn will drive the boom of the photovoltaic industry upward, or will enhance the EVA demand, which in turn will drive the EVA market price trend upward.
The company is expected to reach a record high of 230GW in 2022, an increase of 35.3% year-on-year. 2023 is expected to be a year of 280 to 330GW, still growing rapidly.
According to the company, the EVA industry is expected to remain in a tight supply-demand balance in the future.
Orient Shenyang said that the company will focus on EVA and POE, the raw material for photovoltaic film, planning to build 750,000 tons of EVA new production capacity and 500,000 tons of POE supporting 200,000 tons of α-olefin project.
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