Antwerp, Belgium: In the first half of October, Ethylene Vinyl Acetate market has noted stability in Belgium as the market fundamentals have remained balanced. The demand for Ethylene Vinyl Acetate in European markets remains weak due to low consumption. The solar industry, one of the key user of Ethylene Vinyl Acetate, is seeing a drop in demand and a struggling market, leading to major job cuts among photovoltaic (PV) companies.
Businesses are reducing their workforce as sales decline and strategies shift. European manufacturers are also finding it hard to compete with cheaper solar modules from China. Overall, weak demand and tough competition with China continue to impact the Ethylene Vinyl Acetate market. On the cost front, the support from the upstream Ethylene and Vinyl Acetate Monomer (VAM) markets has decreased slightly in the previous weeks.
In the week...
