[SMM Weekly Review] Film Prices for New Orders Decline in May, EVA Offers Discounts for Shipments

SMM News on May 9:

EVA: This week, the price of PV-grade EVA ranged from 11,000 to 11,700 yuan/mt. The demand for foaming-grade and cable-grade EVA slowed down, leading to a significant price decline. On the demand side, the price of new orders for film in May decreased, and the narrowing price spread forced the raw material side to offer discounts for shipments. The transaction pace in the EVA market slowed down, with overall transactions being average. Film enterprises maintained a strong wait-and-see sentiment. It is expected that EVA prices will continue to be under pressure.

Film: The mainstream price range for EVA film is 13,000-13,200 yuan/mt, and the price range for EPE film is 14,500-15,000 yuan/mt, with prices declining. On the demand side, module prices have fallen, and demand has weakened. On the cost side, the price of PV-grade EVA has pulled back, providing cost support for the decline in film prices.

POE: The domestic delivery-to-factory price of POE has stabilized at 12,000-14,000 yuan/mt. Although some petrochemical enterprises are still in the maintenance period, under the dual pressure of gradually weakening demand and the successive release of new capacity, it is expected that the price of PV-grade POE will be under pressure.