According to the bulk ranking data of SunSirs, the domestic PC market in China rebounded at a low level in September, and most spot prices of various brands adjusted narrowly. As of September 16th, the mixed benchmark price of Business Society PC is around 14,266.67 RMB/ton, with a price increase or decrease of +0.12% compared to early September.
On the supply side: In the first half of September, domestic PC aggregation enterprises experienced a pullback after a decrease in load. Within the interval, Wanhua Chemical conducts routine and regular inspections, while Lihua Yiwei RMB also has maintenance tasks, but they have basically recovered. At the same time, the load of Zhejiang Petrochemical is gradually returning, and the industry load has risen from 79% to over 83%. The average weekly output is close to 70,000 tons, and there is sufficient supply of goods on site. In terms of inventory, there is a high-level stalemate, and the pattern of abundant PC supply remains unchanged. The shipment pressure of the aggregation plant remains unchanged, and the market supply side has poor support for PC prices.
In terms of raw materials, it can be seen from the above chart that bisphenol A significantly rose in the first half of September. Thanks to the inventory digestion of bisphenol A enterprises, the pattern of loose supply has slightly improved. On the other hand, upstream phenol and acetone both rose and then rebounded, narrowing the boost to the bisphenol A market. Overall, bisphenol A has a significant supporting effect on the cost of PC, and the market may continue to consolidate at a high level in the future.
In terms of demand: Currently, PC is at the junction of traditional off-season and peak season, and downstream factory load recovery is not significant. Stocking remains at a weak level of rigid demand, and there has been no early warehouse construction operation. Due to the long-term weak market dynamics in the industry, high social inventory, and abundant on-site supply, it is difficult to improve the supply-demand contradiction within the range. The recent bottoming signal has stimulated some buyers to enter, but the market trading activity is still limited. In addition, with weak foreign trade orders, terminal enterprises are under pressure and are resistant to high priced sources of goods. After the demand for filling vacancies is met, it is expected that the circulation speed of on-site goods will slow down again. Overall, the demand side has weak support for PC spot prices.
In September, the domestic PC market in China rebounded narrowly from a low level. The upstream bisphenol A market has been consolidating at a high level, and the rising cost value has formed a bottoming force for PC. The load of domestic PC aggregation plants has rebounded, but the pattern of strong supply remains unchanged. Downstream demand is limited, and businesses are adopting a wait-and-see attitude towards the traditional peak season. Currently, PC prices are in a historically low range, and due to the ongoing supply-demand imbalance, it is expected that the PC market will continue to remain stagnant in the future.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
