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SunSirs: Cost Side Boosts China PC Market to Keep Rising
September 16 2022 08:38:46SunSirs(Selena)

According to the data of SunSirs, the PC market continued to rise this week, and the spot prices of various brands rose. As of September 15, the reference offer of PC sample enterprises of the business community was about 18,050 RMB/ ton, up or down by +4.64% compared with the average price at the beginning of the month.

Industrial chain: In the upstream, the cost pressure of domestic bisphenol A increased due to the continuous increase of phenols and ketones before the festival, and the increase of factories returning to the market after the festival. The factory mainly supplies contract users. However, after the recent rise of bisphenol A, the downstream follow-up has weakened this week, and the actual orders are seriously insufficient. Downstream, the rising trend is slowing down, the overall demand enthusiasm is not high, the high level negotiation is insufficient, and the short-term bisphenol A offer remains firm.

Bisphenol A market continued to rise this week, and PC cost side support continued to strengthen. In terms of industry load, the operating rate of domestic PC enterprises decreased by a narrow margin this week, and remained generally stable below 70%. At present, the supply of goods on the site is still abundant, and the supply side pressure is limited. After the rise of PC price this week, downstream demand has weakened, the acceptance of terminal enterprises has declined, and the stocking operation just needs to get goods, which is against the high offer. PC enterprises, under the pressure of cost, saw their ex factory prices rise, but not as much as those of upstream products. Businesses follow the market, and the actual turnover is mostly scattered small orders.

SunSirs analysts believe that the domestic PC market continued to rise this week, the upstream bisphenol A market rose at a high level, and the cost side continued to exert pressure on PC. In terms of supply, there is abundant supply on the market, while demand is weak. The buyer's acceptance of the rising price is not good, and there is no rising atmosphere in the market. Consumption fell, and PC spot price is expected to rise in China in the short term.

 

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