The production schedule of PV-grade EVA granule continued to decline in April. Will the price decline continue? [SMM analysis]

In the third week of April, the price of photovoltaic-grade EVA rebounded. Looking back over the past three months, the price of photovoltaic-grade EVA continued to rise from the end of January to the beginning of April, with the price rising from 10,600 yuan/ton to 12,900 yuan/ton. Then, after the Chinese New Year holiday, prices continued to rise rapidly, reaching 12,900 yuan/ton in early April.

The production schedule of photovoltaic granule in April showed a very obvious downward adjustment compared with the beginning of the month. The inventory cost of film granule still maintained an upward trend, but the trend has obviously slowed down. As of the third week of April, production schedule of photovoltaic-grade EVA granule had been significantly reduced from the expected production schedule at the beginning of the month.

The consumption of film inventory by components is still continuing. This month's film inventory will see destocking, but it is expected that the price of film will most likely remain flat in April.

As for the foreign market, the supply of overseas EVA granule will increase next month, which may provide a large amount of photovoltaic-grade EVA to the market in a short period of time, but that will not have a significant impact in April.