SMM Analysis on China December PV-grade EVA Production Forecast 

PV-grade EVA production in December is expected to decrease by 10.45% MoM. Some companies will maintain their production levels, while others will see slight declines mainly due to equipment maintenance. LDPE producers are expected to maintain their current production levels. On the import side, due to the rapid increase in domestic PV-grade EVA prices, December imports are expected to be higher than in November, with total domestic supply expected to remain flat compared to November. On the demand side, due to reduced module production schedules, demand is expected to decrease by 12% MoM, with inventory accumulation likely starting in mid-month, and the rate of increase gradually narrowing.