SunSirs: The Cost Side Plummeted, and the PC Market Fell

Price trend

According to the monitoring data of SunSirs, the domestic PC market fell last week, and the spot price of various specifications was lowered. As of May 27, the PC reference quotation of the sample companies of SunSirs was around 21,333.33 RMB/ton, a change of -2.44% compared with the average price at the beginning of the month.

Analysis review

Industry chain: Upstream, the domestic bisphenol A market fell this week. Over the weekend, the raw material phenol and acetone factories showed an upward trend. Despite the lack of follow-up by the market, the stockholders' offers on the market were firm, and the cost side had strong support. However, the downstream epoxy resin and other markets fell broadly. Although the holders made profits-cutting, the actual orders were still limited, and the pessimism in the market increased.

The weakening of the upstream bisphenol A market had reduced support for the PC cost side. In terms of industry load, the load of domestic PC enterprises has generally been running sideways recently, and the spot on the market was abundant, and it was difficult for the supply side to form support for the spot price. In terms of downstream demand, the operating rate of terminal enterprises was limited due to various factors, and the buying situation was not good. In addition, the impact of the epidemic on some parts of East China was still ongoing, and some transportation was still difficult to increase due to its impact. The market was dominated by small orders. The mentality of buyers who bought up and not bought down spread. The confidence of merchants was not strong, and they solid at profits-cutting.

Market outlook

The analyst of SunSirs believes that the domestic PC market continued to decline this week, the upstream bisphenol A market weakened, and the cost-side support effect on PC was weakened. On the supply side, the supply of goods on the market tends to be abundant, on the demand side, the spot trading is relatively light, and the actual trading volume on the market is insufficient. It is expected that the spot price will continue to be weak in the short term.

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