According to the data monitoring of SunSirs, EVA price was firm last week, with little change. The average price of domestic EVA market was 20,466.67 RMB/ ton on April 26 at the beginning of the week, and 20,466.67 RMB/ ton on April 30 at the end of the week, which was the same compared with the price at the beginning of the week and increased 2.58% compared with March 30. Although the quotation of EVA manufacturers did not change during the week, the market price quotation center rose.
Last week, the domestic EVA ex factory quotation was mainly firm with limited fluctuation, and the market price quotation center rose, with an increase of 300-600 RMB/ ton. Near the end of April, the supply of petrochemical products was relatively small, and the supply of imported products was limited. The overall supply of the market was weak, and the mentality of the industry was good. The market demand of photovoltaic materials improved, which has brought certain benefited to the market, and the industry was mainly bullish on the future. However, the resistance of the lower reaches to high prices increased, and most of them purchased on demand. The overall transaction atmosphere of the market was general.
International crude oil market: on April 29, the international oil price rose significantly. The settlement price of the main contract of WTI crude oil futures market in the United States was $65.01/ barrel, up $1.15 or 1.8%. The settlement price of the main contract in Brent crude oil futures market was $68.56/ barrel, up $1.27 or 1.9%, mainly due to the strong performance of US economic data and the weakness of US dollar, and the expectation of demand recovery outweighed the market's worry about the epidemic situation in India and other places.
On the whole, the domestic petrochemical industry is mainly engaged in photovoltaic production. The overall supply of other varieties is weak, which brings some support to the market. The trend of raw material products is good, and the mentality of manufacturers is relatively strong. The EVA price is expected to rise after the May Day Holidays in China.
