In August, China's EVA imports increased, with South Korea accounting for 54.01% [SMM Analysis]

Published: Sep 25, 2024 13:23

Source: SMM

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According to customs data, China's EVA imports in August were 115,600 mt, up 13.09% MoM, but down 66.68% YoY. From January to August, cumulative imports were 665,300 mt, down 27.75% YoY.

According to customs data, China's EVA imports in August were 115,600 mt, up 13.09% MoM, but down 66.68% YoY. From January to August, cumulative imports were 665,300 mt, down 27.75% YoY. By region in August, imports from South Korea were 41,300 mt (54.01%), from Taiwan 11,000 mt (14.35%), from Thailand 7,200 mt (9.38%), from Singapore 5,300 mt (6.92%), and from Saudi Arabia approximately 2,100 mt (2.81%).

The average import price of EVA in August was 8,929 yuan/mt, down 6.09% MoM, and compared to the 2023 monthly average price of 11,323.85 yuan/mt, it decreased by 21.15% YoY.

Major EVA suppliers from South Korea include Hanwha Total, Lotte Chemical, and LG Chem. The import volume in August increased by 33.6% MoM compared to July.

Major EVA suppliers from Taiwan include Formosa Plastics and Taiyo. The import volume in August increased by 11.27% MoM compared to July.

Major EVA suppliers from Thailand include Dow, TPI, and TPC. The import volume in August increased by 23.95% MoM compared to July.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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