Price trend

According to the bulk list data of business society, the PC market continued to decline this week, and the spot prices of various brands continued to decline. As of Friday, July 1, the reference offer of PC sample enterprises of business club was about 17700 yuan / ton, up or down -6.18% compared with the average price at the beginning of the week.

Cause analysis

Industrial chain: in the upstream, bisphenol a market fell again in the week, and there was little demand in the market. Some low-end offers in East China fell to 12650 yuan / ton. The industry chain is not good, the terminal support is difficult, the demand is poor, and the short-term future market is not clear. The industry’s profit performance is poor. In addition, the raw material end continues to decline, and the external market environment is in a depressed state. The business community expects a short-term weak adjustment.

The upstream bisphenol a market fell this week, reducing the cost side support of PC. In terms of industrial load, the operating rate of domestic PC enterprises has increased recently, and the load of some production lines has increased after maintenance. This adds to the pressure on the PC supply side, which is already high in inventory. The international crude oil in the far upstream also fluctuates due to the influence of the Federal Reserve and other reasons. The downstream demand is weak, and the operating rate of terminal enterprises is limited by many factors, resulting in poor delivery. Although the floor has entered the trading mode of price for volume, it is currently in the off-season, with cold market transactions and lack of bottom support. Buyers’ mentality of buying up rather than buying down spread, businesses’ confidence was not strong, and the offer made a substantial profit.

Aftermarket forecast

Business analysts believe that the domestic PC market continued to decline this week, the upstream bisphenol a market weakened, and the cost side’s support effect on PC weakened. In terms of supply, there are abundant goods on site, high inventory and light demand. It is expected that the spot price may continue to be weak in the short term.