Cell Inventory Pulls Back Slightly, EVA Resin Price Rally Continues [SMM Silicon-Based PV Morning Meeting Minutes]
[SMM Silicon-Based PV Morning Meeting Minutes: Cell Inventory Pulls Back Slightly; EVA Resin Rally Continues]
Currently, the mainstream transaction price range for China's PV-grade EVA resin spot cargo is 9,800-9,900 yuan/mt, with the market continuing its upward trend. In July, due to maintenance shutdowns at some plants and adjustments to petrochemical plants' PV-grade material production schedules, the effective supply of PV-grade EVA continued to shrink. Combined with downstream film manufacturers' purchases driven by rigid demand, the circulating market supply became tight, and the tight supply-demand situation pushed EVA resin prices higher continuously. In the month, no other petrochemical plants are expected to plan a large-scale switch to PV-grade material production, which would bring substantial incremental supply. Thus, the price rally for PV-grade EVA is likely to continue in the short term.