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SunSirs: China PC Market is running smoothly with Limited Negotiation Space

July 23 2020 10:18:41     SunSirs (Selena)

According to the data monitored by SunSirs, on July 20, the comprehensive price of China PC market was 13,733.33 RMB/ ton, and the domestic PC market was running weakly and stably with narrow range fluctuation. The operators were cautious and wait-and-see, the downstream demand was weak, the purchasing enthusiasm was general, and more discussions were given priority to.

The domestic PC market is weak and stable, with limited negotiation space, insufficient follow-up of downstream demand, strong wait-and-see atmosphere among merchants, and a sharp rebound in raw material bisphenol A on last Friday, and the cost side may form a certain support for the PC market. At present, the latest quotations of enterprises are 12,700-14,600 RMB/ ton in East China market, 13,000 RMB/ ton in Luxi Chemical Industry, 13,500 RMB/ ton in Lihua Yiweiyuan, and 14,700 RMB/ ton in Shanghai Kesi. At present, the reference price of the East China market is 9,600-9,700 RMB/ ton.

On July 19, the rubber and plastic index was 621 points, unchanged with the previous day, down 41.42% from 1060 (2012-03-14), and 17.61% higher than the lowest point of 528 on April 06, 2020. (Note: period refers to 2011-12-01 to now)

PC analyst of SunSirs believes: it is expected that the PC market will be weak and stable in the short term, with limited trading space. (the above prices are provided by major PC manufacturers all over the country and analyzed by SunSirs PC analysts for reference only. Please contact relevant manufacturers for more price details.)

 

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