【SMM Analysis】Film Prices Remain Stable, PV-Grade EVA Prices Consolidate at High Levels

SMM March 28 News:

This week, the mainstream transaction prices of PV-grade EVA ranged from 11,550 to 11,950 yuan/mt, with the price increase narrowing. The prices of foaming-grade and cable-grade EVA remained stable. On the supply side, the extended maintenance of some petrochemical plants alleviated the tight spot supply, but the market overall still maintained an undersupply situation. On the demand side, influenced by the "430" and "531" rush for installations, domestic distributed PV projects significantly boosted the demand for spot cargo, driving the module scheduled production to continue rising. Despite the tight supply and increased demand, the further price increase of PV-grade EVA may be affected by the new orders of film in April or limited by the cost resistance of downstream film. It is expected that the price of PV-grade EVA will consolidate at highs in the near term.

In terms of EVA film, the mainstream transaction prices of EVA film recently ranged from 13,300 to 13,500 yuan/mt, while the mainstream transaction prices of EPE film ranged from 15,200 to 15,500 yuan/mt. Cost side, the persistently high prices of PV-grade EVA provided cost support for the price increase of film. Demand side, driven by the domestic "rush for installations," the demand for distributed PV projects significantly increased, further boosting the module scheduled production. Despite the dual push from both upstream and downstream, the strong bargaining power of top-tier enterprises is expected to keep the film prices stable in April.