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SunSirs: Weak Demand & Falling Cost, China PC Market was not Good in December, 2022
January 05 2023 11:21:25SunSirs(Selena)

According to the bulk list data of SunSirs, the domestic PC market declined in December, and the spot prices of various brands were adjusted downward. As of December 31, the reference offer of PC sample enterprises of SunSirs was about 17,350 RMB/ton, up or down by 3.16% over the beginning of the month.

In terms of raw materials: it can be seen from the figure above that bisphenol A continued to decline in the first half of the month, and the price has gradually approached the cost line. The continuous downturn of phenol is difficult to support bisphenol A. The downstream demand side continued to decline, the negotiation atmosphere was empty, and spot prices fell. In the second half of the month, the price position of bisphenol A stabilized at a low level, and it is expected that in the short term, the market will be dominated by narrow range consolidation and operation under the support of cost.

Supply: In December, the load of domestic PC enterprises increased, and the overall operating rate was close to 55%%. The industry saw an increase in maintenance at the end of the year, while the resumption of work also increased. The monthly average operating rate in this month increased by more than 8% compared with the previous month, with the output of more than 160,000 tons, and the pressure on the supply side increased. The flow of goods in the market is general, and enterprises and merchants are cautious.

Demand: The starting position of PC terminal enterprises declined by a narrow margin this month, and it was just necessary to maintain production when getting goods. The operators have a heavy wait-and-see attitude, and the goods are not well prepared before the festival. The actual orders are mainly scattered small orders.

In December, the PC market was weak, and the decline of upstream bisphenol A was hard to change. At the end of the month, the PC cost was poorly supported by consolidation at a low level. The load of domestic polymerization plants is increased in a narrow range, and the pressure at the supply end increases without decreasing. On the whole, there was a contradiction between supply and demand in the market. In the second half of the month, the supply of some brands was tight, and the market turnover was average. It is expected that PC purchase and sales will be difficult to improve in the near future, and China PC market may continue to be weak.

 

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