Ethylene Vinyl Acetate: Prices sober down after a sharp hike earlier in the month – 31 Mar 2017

EVA prices have remained down on account of year end pressure and subdued off take. Prices had jumped earlier this month from Rs 140/kg to Rs 145/kg due to short supply of material. Bookings from abroad were at a higher price too, leading to the price increase. 

The spurt in price lead to a slow down in demand, and couple with financial year ending pressures, EVA values are currently exuding a downward trend.

The current Mumbai EVA price is in the range of Rs 133-135/kg, down significantly from the highs in the second week of March. An immediate upturn in price is not expected as demand is expected to remain moderate to stable.