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 Q1 2017
Market players have a mixed pricing outlook for the first quarter of 2017, as the peak production season in China’s downstream footwear materials sector concludes at the end of the quarter. India on the other hand was expected to see a revival in EVA demand in line with seasonal patterns and on increased consumption, following an ease in the cash crunch crisis in the aftermath of the country’s demonetisation policies.
Some EVA/low density polyethylene (LDPE) swing producers in South Korea were hence rationalising their EVA output to focus on LDPE after prices hit a 2016 high in the fourth quarter. The production of foaming grade EVA with 18% VA content from South Korea has also been reduced due to improved demand for the photovoltaic (PV) grade EVA in China.
In the downstream PV sector, China-based buyers were averse to stocking up on inventories for January and February as the costs of importing feedstocks have increased following the depreciation of the yuan versus the US dollar. However, these EVA converters plan to raise their product prices after the Lunar New Year holidays, due to a firmer pricing outlook on EVA and ethylene feedstocks.
Some converters also plan to increase their plant utilisation rates to 60-70% in March to June, up from around 30% of capacity, as demand for downstream products was expected to heighten ahead of further subsidy adjustments by the Chinese government.
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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.