PV-Grade EVA Resin Prices Basically Stable, Demand Recovery Still Needs Time
According to SMM, affected by the international situation, crude oil prices remained at elevated levels, and cost support for EVA resin producers persisted. Currently, the spot price of PV-grade EVA resin fluctuated around 13,000 yuan/mt. However, downstream demand overall remained relatively subdued, with sluggish transactions. Some enterprises also reduced their supply to the PV market due to uncertainties surrounding the war situation and market volatility, shifting their focus to the foaming and cable markets instead. Looking ahead, module production schedule demand is expected to show a recovering trend from late April to May, with some orders to be released. The overall market is projected to present a weak recovery, with cautious market sentiment and a predominantly wait-and-see approach.