Price trend

According to the bulk list data from Business Society, the domestic PC market continued to decline this week, with spot prices of various brands generally decreasing. As of May 17th, the benchmark price for the mixed PC of Shengyishe was around 16400 yuan/ton, a decrease of -0.81% compared to May 1st.

Cause analysis

In terms of raw materials, it can be seen from the above figure that the domestic bisphenol A market has continued to be weak recently. The upstream phenol market has limited changes in market momentum after the holiday, and demand is sluggish. The trading atmosphere for acetone is also poor. The raw material side of bisphenol A is weak, and the market lacks positive support, dragging down the market and forming a drag on the cost side of PC.

In terms of supply: The overall operating rate of domestic PC has remained stable and slightly changed this week, with the industry average operating rate decreasing by about 1% to 76% compared to last week. There is abundant supply of goods on site, and the mentality of enterprises has softened, resulting in a reduction in factory prices. Some companies in the future have maintenance plans, but the impact on production capacity is relatively small. In the short term, the level of market supply pressure may remain, which will generally drag down PC prices.

In terms of demand: This week, PC consumption will continue to follow the previous weak pattern, with the main logic leaning towards maintaining production and digesting inventory for just in need. Downstream enterprises have seen a decline in load, reduced stocking enthusiasm, and a decrease in consumption. Buyers have some resistance to high priced sources, and the demand side has poor support for spot prices.

Future Market Forecast

The PC market has been continuously declining this week. Upstream bisphenol A prices have fallen, and PC costs have weakened. The load of domestic polymerization plants is basically horizontal. On the demand side, there is a downward trend in consumption and weak trading on the market. It is expected that the PC market will continue to operate weakly in the short term.