Texas, USA: In December xxxx, the Ethylene Vinyl Acetate market experienced further weakness in the US domestic market due to a decline in demand from downstream industries. Overall, consumer markets, including China, Singapore, India, and other nations, exhibited a slight reluctance towards new purchases due to surplus material availability. Consequently, market sentiments for Ethylene Vinyl Acetate remained weak. Additionally, heightened geopolitical tensions, notably the Red Sea attacks and the Israel-Gaza conflict, significantly influenced the Ethylene Vinyl Acetate market. Concerns about potential supply chain disruptions and the possibility of exacerbating the already tight supply-demand balance increased uncertainty in the market. Moreover, production costs of Ethylene Vinyl Acetate decreased amid low-cost support from raw materials. This month, the prices of upstream Vinyl Acetate Monomer dropped by x.xx.
Furthermore, destocking practices were high this month as consumers avoided holding excess inventories of
