[SMM Weekly Review] Raw Material Market Sees Strong Bearish Sentiment, Film Prices Fall Under Pressure

EVA: This week, PV-grade EVA prices were in the range of 10,000-10,250 yuan/mt. Recently, downstream film enterprises have successively engaged in just-in-time procurement, leading to some decline in inventory at certain petrochemical plants. However, overall supply still showed a surplus pattern, and market sentiment remained bearish. On the demand side, module scheduled production fell short of expectations, and the supply-demand pattern indicated oversupply. PV-grade EVA prices are expected to decline.

Film: The mainstream price range for EVA film was 12,500-12,700 yuan/mt, while the price range for EPE film was 12,800-13,000 yuan/mt. On the cost side, raw material prices continued to decline, resulting in weak cost support. On the demand side, module scheduled production decreased. Under pressure from both cost and demand, film prices trended downward.

POE: The domestic delivery-to-factory price for POE was 10,000-13,000 yuan/mt. On the demand side, module scheduled production declined, weakening demand-side support, and film manufacturers slowed down their procurement pace. On the supply side, as overseas petrochemical maintenance gradually concludes, the tight spot supply situation is expected to ease, and the supply-demand pattern is gradually improving. POE prices are expected to remain weak and stable in the near term.