India EVA Market is Experiencing a Slight Upward Trend

Recently, the domestic EVA market has been on the rise. According to the Watchlist Market Analysis of Credo Sourcing, as of February 27th, the benchmark price of EVA in Delhi, India was Rs119/Kg, an increase of 5.78% from Rs112.50/Kg just 30 Days back. The price of EVA raw materials is steadily rising, with support from the cost side. EVA manufacturers have gradually raised their export prices to India, and the market is steadily following the trend.

As of February 27th, the price of Sipchem stands at around 1210 USD/ton, an increase of 60 USD/ton compared to the previous period. The price of Lotte has risen to around 1310 USD/ton, an increase of 70 USD/ton compared to the previous period.

From the perspective of demand side, downstream factories have gradually increased their production, with the footwear industry and Photovoltaic industry supporting the demand for EVA. The increase in production of foam factories has also strengthened the support for EVA demand. The future forecast shows that overall, raw material prices are stable and rising, which supports the EVA market.

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