SMM Analysis On China October PV EVA Production And November Forecast

PV EVA production in November is expected to decrease by 15.38% MoM. At the company level, some companies will see an increase in production, while others will see a decrease. The decrease is mainly due to expected equipment maintenance and a shift in production to LDPE. Currently, LDPE prices remain high, and the switching process requires some time, so a switch in production is not expected in the near term. The increase in production is mainly due to PV EVA prices exceeding those of cable and foam EVA, enhancing the willingness to increase PV EVA production schedules. Overall, the decrease in production outweighs the increase, leading to a decline in total supply. On the import side, PV EVA imports are expected to recover compared to October, but due to the expected decline in module scheduled production in December, long-term demand is not optimistic. Additionally, current overseas market prices are relatively high, so the willingness to take orders may not meet expectations. The supply in November remains relatively tight.