Ethylene Vinyl Alcohol Copolymer Price Trend Analysis: Q4 2024
In Q4 2024, the global Ethylene Vinyl Alcohol (EVOH) resin market experienced a continued downward trend in prices across various regions. Belgium saw a 3.9% decrease, bringing prices to $8,108/MT, while China experienced a 2.5% decline to $8,075/MT. Japan and Taiwan reported more significant drops of 2.5% and 2.6%, respectively, with prices reaching $8,034/MT and $7,961/MT, attributed to reduced industrial activity and export challenges.
The USA experienced a 4.2% decline, bringing prices to $8,119/MT, influenced by softer demand in the packaging and automotive sectors. These price reductions were driven by factors such as seasonal demand fluctuations, supply chain disruptions, and increased production costs, leading to a cautious market outlook in Q4 2024.
Ethylene Vinyl Alcohol Copolymer Price Trend Analysis: Q3 2024
In Q3 2024, the global Ethylene Vinyl Alcohol (EVOH) resin market continued its downward trend in prices across various regions. Belgium saw a 1.9% decrease, bringing prices to $8,434/MT, while China experienced a 0.9% decline to $8,281/MT. Japan and Taiwan reported more significant drops of 2.6% and 1.4%, respectively, with prices reaching $8,243/MT and $8,173/MT, attributed to reduced industrial activity and export challenges.
The USA experienced a 1.9% decline, bringing prices to $8,473/MT, influenced by softer demand in the packaging and automotive sectors. These price reductions were driven by factors such as seasonal demand fluctuations, supply chain disruptions, and increased production costs, leading to a cautious market outlook in Q3 2024.
Ethylene Vinyl Alcohol Copolymer Price Trend Analysis: Q2 2024
In Q2 2024, EVOH prices saw a moderate decline in most regions, with Belgium and the USA both recording a 1.5% drop, reaching $8,596/MT and $8,639/MT respectively, largely due to subdued demand from the packaging and automotive sectors amid sluggish global economic conditions. China and Japan also registered slight decreases of 0.3% and 0.2%, with prices settling at $8,352/MT and $8,459/MT, respectively, reflecting reduced industrial activity and weak downstream consumption.
Taiwan experienced a 0.9% fall to $8,292/MT, influenced by a similar drop in demand and inventory buildup. The price declines were largely driven by softer demand in key sectors, global economic uncertainties, and logistical inefficiencies, leading to a cautious market sentiment.
Ethylene Vinyl Alcohol Copolymer Price Trend Analysis: Q1 2024
During Q1 2024, the EVOH market witnessed a modest decline in prices across several key regions, reflecting weakened demand and ongoing economic uncertainties. Belgium recorded a 3.3% decrease, with prices falling to $8,725/MT, while China saw a marginal decline of 1.4%, settling at $8,377/MT. The U.S. and Japan also experienced price drops of 0.9% and 1.7%, respectively, largely due to subdued demand from the packaging and automotive sectors. Taiwan saw a 0.5% decline, with prices falling to $8,371/MT.
These declines were driven by continued macroeconomic headwinds, high inventories, and restrained consumption in downstream industries like food packaging and industrial films. Additionally, logistical disruptions and currency fluctuations contributed to an overall atmosphere of caution in the EVOH market during this quarter.