SunSirs: Raw Material Price Rises, PC Cost Support is Strong in China
April 12 2021 10:57:57 SunSirs (Selena)
According to the data monitored by SunSirs, as of April 6, the comprehensive price of PC market was 27,800.00 RMB/ ton. The price of PC market continued to move at a high level, and the price continued to rise. Compared with the same period of this month, the price increased 5.84%, up to 1,600 RMB/ ton.
The domestic PC market fluctuated and went up, the price continued to be high, the raw material bisphenol a market still went up, the PC cost formed a certain support, the price continued to rise, the overall market transaction atmosphere was cautious, the industry held a cautious wait-and-see attitude, appeared reluctant to sell psychology, it is expected that the PC market will still maintain the upward trend in the next week, manufacturers passively support the price, difficult to have a downward trend.
The price of upstream bisphenol a continued to rise, and there was still a rising trend expectation. The reference price was 27,800-28,000 RMB/ ton, the inventory remained low, and the supply side was tight. On April 6, the commodity index of bisphenol A was 265.69, up 5.52 points from the previous day, a record high in the cycle, up 268.55% from the lowest point of 72.09 on April 6, 2020. (Note: the period refers to the period from March 1, 2020 to now).
SunSirs PC analysts believe that: raw materials continue to rise, PC cost support is strong in China, with a short-term upward trend.
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