EVA price journeyed southward as Crude continues sliding in the market – 27 Nov 2014

Crude Oil price is tumbling again, Benchmark Brent Crude has fallen from a high above $115 a barrel to $77 a barrel as abundant supply has overwhelmed demand. Consequences of this southward journey of Crude oil price,the principal feedstock for EVA i.e. Ethylene prices slides in the key Asian region. Depressed buying sentiment and inactive functioning from the end user sector results in the downward revision for the EVA prices by the Reliance Industries Limited.

In communicating with the traders in the major polymer market, Indianpetrochem gathered information that demand for the Ethylene Vinyl Acetate ( EVA) resin was observed disappointing in the market from last few months. Stocks are available in the market with the traders.

Price for the EVA resin was quoted at Rs 123-124 a kg.