Ethylene vinyl acetate Prices, markets & analysis
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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 2015
The sharp rebound in prices of ethylene vinyl acetate (EVA) in Asia that started midway through the first quarter may be moderated in the second quarter as upward pressure on prices stemming from a bullish outlook on the ethylene feedstock front may be offset by an uncertain outlook based on supply and demand fundamentals. Several EVA plants were expected to resume normal operations in May and June after completing turnarounds and at the same time, demand in the key downstream footwear industry in China is anticipated to enter its traditional lull season.
The majority of market players and some end-users however, added that the near-term outlook on pricing was likely to remain supported by tight supply of EVA and feedstock cost concerns.
Market liquidity had been limited early in the second quarter owing to reduced supply amid a spate of EVA plant turnarounds in south Korea and China. Furthermore, a spike in ethylene feedstock spot values in northeast Asia on 3 April prompted a key EVA producer to withdraw offers during the same week, on concerns of rising costs.
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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.