According to the bulk ranking data from SunSirs, the domestic PC market was mainly in a state of consolidation and operation at the end of November. The spot prices of most brands are fluctuating. As of November 25th, the mixed benchmark price of SunSirs PC is around 13,766.67 RMB/ton, with a price increase or decrease of -2.82% compared to early November.

On the supply side, the load of domestic PC aggregation enterprises rebounded after being reduced in November. At the beginning of the month, after the shutdown and maintenance of Lihua Yiwei Yuan and Pingmei Shenma, the maintenance plan for multiple production lines covered by Zhejiang Petrochemical was announced, and some production lines of Luxi Chemical also came to a halt. Next week, the supply of genuine materials is expected to recover, and there is a relaxation of supply expectations. However, after preliminary digestion, the inventory is relatively controllable in terms of position, and the pressure of on-site production and sales is still acceptable. Overall, the change rate of PC support from the PC supply side has basically remained flat.

In terms of raw materials, it can be seen from the above chart that the bisphenol A market fell in the first half of November and recovered in the second half. The price range of upstream phenol and acetone is weakly fluctuating, which is difficult to say for the bisphenol A market. However, after digestion in the first half of the month, the inventory pressure of bisphenol A factories eased, and spot prices fell to a low level. Enterprises and businesses increased their price raising operations, and the market rebounded in the latter half of the year after gaining bottoming power. On the other hand, there has been no improvement in the consumer side of bisphenol A, and the recent changes in the focus of actual orders are limited. It is expected that the price of bisphenol A in the future may remain stable, and the support for PC costs is average.

On the demand side: The load position of downstream factories is still not ideal, and inventory is kept buying at low prices, with weak demand levels. Customs data shows that the export market has slightly decreased at a low level, and PC terminal enterprises have conservative production schedules. Merchants within the range tend to follow the market trend and adopt a cautious and wait-and-see attitude. After meeting the demand for filling vacancies in the early stage, the market trading atmosphere returned to calm, and the speed of goods circulation slowed down again. Overall, the demand side provides moderate support for PC spot prices.

Domestic PC market price consolidation in November. The upstream bisphenol A market recovered after a decline, and the cost value eased the drag on PC. The load of domestic PC aggregation plants is stable with small fluctuations, and there are loose expectations for the future market. The market trading situation remains weak, with long and short positions in the market. It is expected that the PC market will remain stagnant and consolidate in the short term.

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