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SunSirs: The Peak Season is not Prosperous, China PC Market Stabilizes after Falling in October
November 02 2022 09:56:47SunSirs(Selena)

According to the bulk list data of business cooperatives, the PC market fell in October, and the spot prices of various brands stabilized after falling. As of October 31, the reference offer of PC sample enterprises of SunSirs was about 18,366.67 RMB/ ton, up or down by -2.99% compared with the average price at the beginning of the month.

Industrial chain: in the upstream, the bisphenol A market fell sharply due to the overall decline of the industrial chain after the festival and the negative effects of supply and demand as well as the decline of two consecutive auctions. In addition, the industrial load has increased, the upstream and downstream are weak and resonant, and the decline of the entire industrial chain has intensified. In the middle of the month, the price has dropped to near the cost. In addition, the low price supply has stimulated downstream replenishment. The market momentum has warmed up, and the price rebounded in the second half of the month.

In the first half of October, the bisphenol A market declined significantly, and the PC cost side support collapsed. In terms of industry load, Shandong PC enterprises had a certain scale of maintenance this month, and the operating rate of domestic PC enterprises declined gradually from 55% to more than 40%. The supply of goods in the market was generally abundant in the month. In the second half of the month, the supply was tightened by a narrow margin, and the pressure on the supply side improved slightly. The downstream actual demand does not match the traditional peak season, and the actual demand is less than that of previous years. The terminal enterprises just need to maintain production, and the on-site PC digestion speed lags behind. The merchants gave up their profits to encourage buyers to enter the market, and the market offer warmed up to an average price of more than 18,000 RMB/ ton in the last ten days, but the PC real order delivery is still not much.

SunSirs analysts believed that the domestic PC market stabilized after the fall in October, the upstream bisphenol A market fell back to a warmer level, and the cost side did not support PC well. On the supply side, the supply side's supply of goods on the market tightened slightly due to the expansion of capacity loss in the month, and the pressure on the supply side eased slightly. The demand is weak. In the second half of the month, some businesses followed up to make concessions, most of which were scattered small orders. There is a lot of space in the market, and it is expected that China PC spot price will be adjusted in a narrow range in the near future.

 

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