US Ethylene Vinyl Acetate (EVA) prices saw a minor uptick towards the ending January xxxx. This price movement comes amidst a complex interplay of reduced production, weak export demand, and upcoming ethylene supply constraints. While overall prices remained relatively stable throughout the month, the slight increase signals potential market tightening in the near future.
This stability is noteworthy given the various factors impacting the EVA market. Weak export demand for EVA due to a global surplus has kept prices in check. However, reduced production and anticipated ethylene feedstock shortages are creating upward pressure. The balance between these opposing forces has resulted in a largely stable market with a slight upward trend towards the end of January.
In the US, EVA prices firmed slightly. Low demand for US-origin EVA balanced decreased production. Despite the price uptick, export demand remained weak....
