[SMM Analysis] Tight Supply and Increased Demand Drive PV-Grade EVA Prices Upward

SMM, February 28:

This week, mainstream transaction prices for PV-grade EVA were 11,300-11,650 yuan/mt, while prices for foam-grade and cable-grade EVA also rose slightly, with market transaction activity being relatively active. Influenced by policies, downstream module manufacturers may engage in a rush for installations. With tight supply and increased demand, the market overall still shows an undersupply situation. In the short term, the supply-demand imbalance is difficult to alleviate, and prices are expected to remain high in the future.

For EVA films, top-tier enterprise prices temporarily remained stable, with mainstream transaction prices at 12,600-12,800 yuan/mt. Raw material prices continued to rise, coupled with the strong boost in demand driven by the PV "rush for installations." With dual drivers from both supply and demand sides, film prices are expected to trend upward in March.