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SunSirs: Cost Collapse&Demand Lags, China PC Price Declines
November 28 2022 13:49:18SunSirs(Selena)

According to the data monitoring of SunSirs, the average offer price of China domestic PC sample enterprises was 18,333.33 RMB/ ton on November 1, and the domestic price was 17,950 RMB/ ton on November 25, with a range of -2.09%.

In terms of raw materials: it can be seen from the figure above that bisphenol A continued to decline in late November, and the price has gradually approached the cost line. However, the continuous downturn of phenol is difficult to support bisphenol A. After the price reduction, buyers were not enough to enter the market, and the market remained weak, dragging down the cost of PC.

In terms of supply: the utilization rate of PC capacity rose slightly this week, with the total load of domestic PC enterprises at about 45%, up from 55% a month earlier. As the industry neared the end of the year, the maintenance was gradually concentrated, and the supply side was significantly tightened. 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 this week, and they just need to maintain production when getting goods. The operators have an empty mind and keep a cautious wait-and-see attitude. The actual orders are mainly scattered.

In late 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 low load of domestic polymerization plants rebounded in a narrow range, and the good supply side failed to smooth the weak demand. On the whole, the weak market supply and demand and cost collapse coexist. It is expected that China PC market will continue to be dominated by weak consolidation market in the near future.

 

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