Hamburg, Germany: The German Ethylene Vinyl Acetate (EVA) market experienced a further decline in prices in March xxxx due to continued weak consumer demand. Increased competition from Chinese-produced solar panels has intensified in recent months, forcing European and US firms to lower their prices to stay competitive. Downstream industries like footwear, packaging, and photovoltaic panel manufacturing have seen a decrease in EVA demand this month. This is because consumer markets reduced their procurement due to sufficient material availability.
However, production costs for Ethylene Vinyl Acetate continue to rise. The prices of upstream Vinyl Acetate Monomer (VAM) and Ethylene have each increased by more than xxx. OPEC+ member countries&#xx; decision to extend voluntary output reductions by x.x million barrels per day to support the oil market further exacerbated this issue. This aims for a balanced distribution of production cuts among members. Russia&#xx;s...
