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 news and market information products from ICIS
We offer the following regional Ethylene vinyl acetate analysis and news coverage to keep you informed of factors and developments affecting prices in the Ethylene vinyl acetate marketplace.
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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.