According to the data monitoring of SunSirs, the average offer price of PC domestic sample enterprises was 18,333.33 RMB/ ton on November 1, and the domestic price was 18,216.67 RMB/ ton on November 18, up or down by -0.64%.

The global high inflation macroeconomic continued to affect the petrochemical industry chain, and the news of the Federal Reserve's interest rate increase and slowdown in the early stage eased the negative market. On the other hand, the international crude oil production reduction plan has done well. Recently, the crude oil has fallen again, and the PC macro environment and remote cost support are average.

In terms of raw materials: it can be seen from the figure above that the price of domestic bisphenol A market in mid November was low, and the weakness was sorted out. The lower reaches mainly absorb contracts, and the market is difficult to hear the actual orders. The atmosphere is pessimistic. The market price has gradually approached the cost line, and the decline has slowed down.

Supply side: The utilization rate of PC capacity fell again last week, and the total load of domestic PC enterprises continued to fall to about 40%, up from more than 55% a month earlier. The industry has gradually concentrated maintenance towards the end of the year, the supply side has tightened significantly, and the competitive prices of Zhejiang factories have risen slightly. However, the flow of goods in the market is slow, which has hit the confidence of enterprises and merchants in price fixing.

Demand: PC terminal enterprises started at a low position last week. They just need to maintain production after getting goods. The actual stock is slightly better than last week. However, the operators are empty in mind and keep a cautious wait-and-see attitude. The actual orders are still mainly scattered.

In the middle of November, the PC market fluctuated and fell, the upstream bisphenol A was weak and difficult to change, and the support for PC cost collapsed. The load of domestic polymerization plants continued to decline, and the supply side deposit margin was further expanded. However, the demand side dragged down the market. Although the domestic demand for support last week improved slightly, it was not enough to improve the overall weak pattern of demand side. The merchants have limited improvement in the smoothness of goods delivery, and maintain flexible order delivery operation. In general, the supply reduction of PC failed to offset the negative impact, and the pattern of weak market supply and demand and cost collapse remained unchanged. However, the spot price is close to the low range, and the current spot price is subject to shock adjustment. It is expected that China PC market will continue to be dominated by narrow range consolidation in the near future.

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