Ethylene Vinyl Acetate Prices, Demand & Supply | ChemAnalyst
During the fourth quarter of 2023, the North American Ethylene Vinyl Acetate (EVA) market saw the influence of various significant factors. Primarily, the market was marked by a bearish sentiment attributed to diminished demand from downstream sectors like packaging, adhesives, and moldings. Consequently, prices declined as market players prioritized destocking and avoided inventory accumulation.
In the US market, prices experienced further drops due to weak demand from downstream industries and ample material availability domestically. Additionally, support from the upstream Vinyl Acetate Monomer waned, leading to decreased production costs. Despite these fluctuations, the overall market outlook remained steady, albeit with a slight slowdown in consumer inquiries.
Regarding price trends, there was a 2.7% decrease compared to the previous quarter, although there was no significant change compared to the same quarter of the previous year. The price of Ethylene Vinyl Acetate (EVA) 28% DEL Houston in the USA for the current quarter stands at USD 1550/MT. Overall, the North American Ethylene Vinyl Acetate (EVA) market in the fourth quarter of 2023 was characterized by weak demand, sufficient material availability, and stable market conditions.
Track Real Time Ethylene Vinyl Acetate Prices: https://www.chemanalyst.com/Pricing-data/ethylene-vinyl-acetate-74
During the fourth quarter of 2023, the European Ethylene Vinyl Acetate (EVA) market encountered various challenges. Diminished demand from downstream sectors such as adhesives and coatings led to reduced consumption and a decline in prices. The sluggish business environment, as evidenced by the HCOB Eurozone Manufacturing PMI, exacerbated the market’s downturn. Furthermore, the European chemicals market experienced a downturn due to subdued demand and escalating energy costs.
Belgium, in particular, witnessed significant fluctuations in EVA prices during this quarter. Weak demand conditions and poor domestic consumption further contributed to price drops in the domestic market. Inquiries from downstream industries remained subdued, and demand from neighboring European countries decreased, fostering a bearish market situation in Belgium.
Regarding pricing trends, the price of EVA in Belgium saw a 15% decrease compared to the previous quarter, with the price at the end of the quarter standing at USD 1970/MT 28% FOB Antwerp. Overall, factors such as weak demand from downstream industries, minimal support from upstream raw materials, and limited inventories in the region collectively contributed to the bearish market conditions for EVA in Europe during the fourth quarter of 2023.
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