SunSirs: Raw Materials Continued to Decline, China PC Market is in Down Adjustment
April 23 2021 09:59:22 SunSirs (Selena)
According to the data monitored by SunSirs, as of April 22, the comprehensive price of PC market was 28,800.00 RMB/ ton, which was slightly lower than that of the same period last week. Recently, the wait-and-see atmosphere of PC market has been strengthened, the upstream raw materials are going down, and the PC market is weak and narrow.
The upstream bisphenol A continued the downward trend, the focus of discussion was low, the price reference was 29,200-29,500 RMB/ ton, which was bad for the PC market mentality. At present, the PC Inventory was normal and there was no pressure, and the overall PC market was adjusted in a narrow and weak range, with limited space for a substantial decline.
On April 21, the commodity index of BPA was 280.98, down 0.71 points from the previous day, down 0.78% from the highest point 283.19 (2021-04-16) in the cycle, and 289.76% higher than the lowest point of 72.09 on April 06, 2020（ Note: period refers to the period from March 1, 2020 to the present
SunSirs PC analysts believe: raw materials are in down trend, PC mentality is confused, current inventory is not in pressure, China PC market is mainly adjusted, and the possibility of a sharp decline is not very large.
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