The Ethyl Vinyl Acetate Asia report is published weekly by ICIS. The spot price assessments focus on three different grades.
Market commentary includes up-to-date news and analysis including an overview, plant turnarounds, feedstock movements and graphs comparing ethyl vinyl acetate with upstream markets. Our locally based reporters provide market intelligence which enables you to keep abreast of market developments, so that you are supported in making confident commercial decisions.
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Ethylene vinyl acetate Overview Transcript
Ethylene vinyl acetate, also known as EVA, is a plastic product derived from the copolymerisation of ethylene with vinyl acetate.
EVA’s main advantages include its properties of clarity and toughness, along with strong flexibility and ability to withstand low temperatures. It also has good tear resistance.
The main uses for EVA are in the manufature of stretch film for shrink wrapping, protective strips, sports shoe soles, sandals, slippers and disposable medical equipment. It is also used as a coating for heat-sealing on polypropylene, polyethylene terephthalate and aluminium films. Other uses include insulating tubing and wire-coating.
In recent years supply of the lower EVA grades has been dwindling as producers focus production on grades with vinyl acetate content of above 30% in response to growing demand for this grade from the solar panel industry.
Supply and demand fundamentals drive Asia’s EVA prices. Demand has outstripped supply in recent years with strong interest from the downstream footwear sector and increasingly, the photovoltaic industry. Other key influences on the market include price trends of polyethylene because most EVA factories in Asia are EVA and PE swing plants
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Ethylene vinyl acetate: Market overview
Updated to Q2 2016
Asia’s EVA prices remain underpinned at the start of Q2 by firm feedstock ethylene prices, which have likely hit a ceiling following an earlier rally that pushed prices to around an eight-month high in northeast Asia. Buying momentum from China-based EVA end-users in the downstream footwear materials sector has slowed down. Other buyers in the downstream hotmelt adhesives and photovoltaic sectors have lowered their plant operating rate projections for April to 60-70%, from earlier projections of 70-80%, due to an overall slowdown in orders for finished goods and as the downstream customers’ outlook was less than optimistic.This, coupled with the unabated feedstock-driven price hikes on EVA since the latter half of February contributed to market views that prices may have hit a ceiling, as some producers encountered a lack of buyer response at higher offers for late April to early May shipments.
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Ethylene Vinyl Acetate Methodology
About Ethylene vinyl acetate
Ethylene vinyl acetate (EVA) is a copolymer that is manufactured from ethylene and vinyl acetate monomer (VAM). The main advantages of EVA is that it has good toughness, flexibility, clarity and gloss, the ability to withstand low temperatures, and good tear resistance.
In packaging applications, the resins can be made into blown, extruded, cast and coextruded films, or blended with other resins. They can be moulded and extruded into soft plastic items such as hoses and tubes, formulated into hot melt adhesives, and used in plastic compounding, wire and cable insulation.
EVA is also used as a coating for heat sealing on polypropylene (PP), polyethylene terephthalate (PET) and aluminium films. A growing use for EVA is in solar cells as an encapsulation material.