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[SMM Analysis] Driven by Both Costs and Demand, Film Prices Expected to Rise
Mar 21, 2025, at 5:58 am
[SMM Analysis: Driven by Both Cost and Demand, Film Prices Are Expected to Rise] This week, the mainstream transaction prices for PV-grade EVA were 11,550-11,900 yuan/mt. The prices of foaming grade and cable grade also saw a slight increase, driven by the price of PV-grade EVA; the mainstream transaction prices for EVA film were 13,300-13,500 yuan/mt, and for EPE film were 15,200-15,500 yuan/mt.
SMM March 21 News: This week, the mainstream transaction prices of PV-grade EVA were 11,550-11,900 yuan/mt. The prices of foaming and cable grades also saw a slight increase, driven by the price of PV-grade EVA. Some petrochemical plants delayed their maintenance, which alleviated the tight spot supply of PV-grade EVA resin to some extent, but the market as a whole still faced an undersupply situation. On the demand side, the rush for installations before "April 30" and "May 31" led to strong demand for spot goods from domestic distributed projects, boosting module production schedules. Downstream demand was robust, but the rise in PV-grade EVA prices might be constrained by the cost pressure on downstream film manufacturers. It was expected that the prices of PV-grade EVA would consolidate at high levels.
Regarding EVA film, the recent mainstream transaction prices were 13,300-13,500 yuan/mt for EVA film and 15,200-15,500 yuan/mt for EPE film. Cost side, the high prices of PV-grade EVA provided cost support for the increase in EVA film prices. On the demand side, the rush for installations domestically led to a surge in demand for distributed PV, increasing module production schedules. With robust downstream demand and severe cost pressure on films, it was expected that film prices would trend upwards under the dual push from both the cost and demand sides.
