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SunSirs: The Cost Side Market Eased and the PC Price Bottomed Out in China
August 09 2022 15:19:39SunSirs(Selena)

Price trend

According to the data of SunSirs, the PC market rose in early August, and the spot prices of various brands increased narrowly. As of August 5, the reference offer of PC sample enterprises of business community was about 16,966.67 RMB/ ton, up or down +2.31% compared with the average price at the beginning of the month.

Market analysis

Industrial chain: on the upstream side, the market of bisphenol A eased last week. With the decrease of supply in recent days and the improvement of the atmosphere in the market, the offer of the goods holders tried to increase. However, it is difficult to support the continuous decline of the raw material end. The downstream epoxy resin is flat. With the downstream consumption of inventory and the market development after a period of purchase, it is difficult to judge. At present, there are still many negative external environment. The business community expects that the short-term bisphenol a trading volume will be difficult to increase. Due to the limited market volume, the short-term high is negotiated.

At the beginning of August, the upstream bisphenol a market bottomed out, and the PC cost side support increased narrowly. In terms of industrial load, the operating rate of domestic PC enterprises has increased, and the overall load is more than 60%. The inventory position of the industry is still high, and the pressure on the supply side continues. The international crude oil at the far end and upstream continues to fluctuate under the influence of macro inflation factors, resulting in the weak mid - and long-term support of PC. The downstream demand is still in the off-season market, and the operating rate of terminal enterprises is limited by various factors. However, the buyer's mentality has changed with the PC falling below the historical low in the early stage, and the bargain hunting in the market digests some low-end offers. The market transaction is picking up, but the wait-and-see atmosphere on the demand side is still heavy, and the confidence of merchants is not strong.

Market forecast

SunSirs analysts believe that the domestic PC market rose last week, the upstream bisphenol a market eased, and the support effect of the cost side on PC was acceptable. On the supply side, there are abundant goods in the market, high inventory, and bargain hunting on the demand side. The buyer is cautious and mainly takes small orders. It is expected that in the short term, the spot price of PC will rise and shake up in China.

 

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