Texas (USA): In the past few weeks, the prices of Ethylene Vinyl Acetate rose in the US domestic market as the supply and demand fundamentals underwent developments. The demand for Ethylene Vinyl Acetate from the downstream packaging, solar, and footwear industries further improved during this period. Despite economic challenges, the U.S. footwear market showed resilience during the first quarter. Retail sales stabilized at USD x.x billion, matching Qx xxxx figures, with a xx increase in units sold, suggesting an increase in consumption of Ethylene Vinyl Acetate.
The Ethylene Vinyl Acetate market received stable support from upstream Vinyl Acetate Monomer and Ethylene markets in terms of costs. However, throughout April, upstream crude oil prices decreased, and concerns regarding input costs eased for Ethylene Vinyl Acetate manufacturers. International crude oil declined primarily due to an unexpected surge in US crude oil inventories, subdued...
