According to the bulk ranking data from SunSirs, the domestic PC market entered a volatile consolidation trend at the end of October. The spot prices of some brands have fluctuated. As of October 28th, the mixed benchmark price of Business Society PC is around 14,283.33 RMB/ton, with a price increase or decrease of -1.27% compared to early October.

On the supply side: In the first half of October, domestic PC aggregation enterprises had a large and stable load with small fluctuations. As the end of the month approached, Zhejiang Petrochemical, Pingmei Shenma, and Lihua Yi all had maintenance arrangements, and the industry's operating rate decreased by 4% to 77%. The weekly average output was about 65,000 tons, a slight decrease from the beginning of the month. In terms of inventory, it remains strong, but the improvement in the pattern of abundant PC supply is limited. The market is waiting for many aggregation plants to undergo maintenance and release positive news from the supply side. Overall, there is a strong expected trend in the PC supply side, which strengthens support for PC.

In terms of raw materials, it can be seen from the above chart that the bisphenol A market significantly declined in October. Upstream phenol fell and then consolidated, while acetone fell sharply and entered a recovery market, which is difficult to say for the bisphenol A market. In addition, the continuous weakness of bisphenol A consumption has led to a rapid decline in spot prices due to multiple factors. Although the current market atmosphere remains weak, spot prices have fallen to low levels, coupled with controllable inventory and increased price manipulation by enterprises and businesses, forming a trend of bottoming out. It is expected that the price of bisphenol A will remain stable in the future, while the support for PC costs will remain weak.

On the demand side: October is still in the traditional peak season for PC, but the downstream factory load of the "Golden Ten" this year is not ideal, inventory digestion is slow, and stocking remains at a weak level of rigid demand. Although maintenance signals have stimulated some brands to rise, the improvement in market trading activity is limited. At the same time, external news indicates that the export market is volatile, and the overseas shipment of PC terminal products is under pressure and weakening. In the second half of the month, merchants tend to focus on selling goods to recoup funds, resulting in a concentration of profit taking orders and a stagnation and decline in the price center. Buyers are resistant to high priced goods, and once the demand for filling gaps is met, the circulation speed of market goods slows down again. Overall, the demand side lacks support for PC spot prices.

At the end of October, the domestic PC market in China fluctuated and consolidated. The upstream bisphenol A market has stopped falling at a low level, and the cost value has not shown any improvement in supporting PC. The load of domestic PC aggregation plants has been reduced, the market trading situation is poor, and there is a supply-demand game in the market. It is expected that the PC market will continue to consolidate in the short term.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.