On November 7th, the domestic EVA market price reported an increase, with an average price of 12750 yuan/ton, an increase of 179 yuan/ton or 1.42% compared to the previous working day. The mainstream market prices have also seen an increase of 100-300 yuan/ton. At the beginning of the week, with the strengthening and upward adjustment of some products from petrochemical manufacturers, market quoted prices also surged. Although downstream demand is progressing step by step, the negotiation atmosphere during the actual transaction appears to be strong and wait-and-see.

In terms of raw materials, the upstream ethylene market prices have rebounded, which provides certain cost support for the EVA market. In addition, the stabilization of the vinyl acetate market has also had a favorable impact on the EVA market.
In terms of supply and demand, the EVA production plant in Zhejiang is currently in a shutdown maintenance state, while the plant in Ningbo is expected to undergo maintenance next week for 9-10 days. This will lead to a decrease in market supply of goods. In fact, starting from next week, the supply of goods in the market may continue to decrease.
Considering that the current market price is at a historical low, the profits of EVA manufacturers have significantly decreased. In this situation, manufacturers intend to increase prices by reducing production. At the same time, downstream buyers appear to be wait-and-see and confused, mainly focusing on receiving goods on demand. But as market prices continue to strengthen, downstream buyers are expected to gradually become more proactive.
Taking into account the above factors, it is expected that the prices in the EVA market will continue to rise next week. It is expected that the average market price will operate between 12700-13500 yuan/ton. Of course, this is only a rough prediction, and the actual situation may vary. Therefore, we also need to closely monitor market dynamics in order to adjust our forecasts and strategies in a timely manner.